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2021-08-03

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Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite<blockquote>黄金、原油预测：XAU 着眼于 NFP 来衡量缩减时间表的需求</blockquote>

2021-07-07

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2021-07-05

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Is the Stock Market Open or Closed on Independence Day?<blockquote>独立日股市是开市还是休市？</blockquote>

2021-06-28

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2021-06-27

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Amazon: Good Stock, Not Good Price<blockquote>亚马逊：库存好，价格不好</blockquote>

2021-06-25

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2021-06-24

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2021-06-23

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2021-06-20

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2021-06-19

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2021-06-18

Get my post ‘featured’ please !! ☺️

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2021-06-17

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Apple Struggles in Push to Make Healthcare Its Greatest Legacy<blockquote>苹果努力使医疗保健成为其最伟大的遗产</blockquote>

2021-06-16

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SPACs could stage a summer comeback<blockquote>SPAC 可能会在夏季卷土重来</blockquote>

2021-06-15

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2021-06-14

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2021-06-14

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AMD’s stock has been left behind, but not for long — here’s why<blockquote>AMD 的股票已经落后，但不会持续太久--原因如下</blockquote>

2021-06-12

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Dow rises 80 points, S&P 500 adds to a record as tech shares gain<blockquote>道琼斯指数上涨 80 点，科技股上涨，标普500创下历史新高</blockquote>

2021-06-11

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Will The WallStreetBets Crowd Come After Silver Again?<blockquote>华尔街投注人群会再次追逐白银吗？</blockquote>

2021-06-11

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Palantir: A Dilution Adjusted Value<blockquote>Palantir：稀释调整值</blockquote>

2021-06-10

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&amp; comments pls","listText":"Like &amp; comments pls","text":"Like & comments pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/804438012","repostId":"1158866167","repostType":4,"repost":{"id":"1158866167","kind":"news","pubTimestamp":1627970248,"share":"https://www.laohunote.com/m/news/1158866167?lang=zh_CN&edition=full","pubTime":"2021-08-03 13:57","market":"other","language":"en","title":"Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite<blockquote>黄金、原油预测：XAU 着眼于 NFP 来衡量缩减时间表的需求</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158866167","media":"DailyFX","summary":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report ","content":"<p><b>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS</b></p><p><blockquote><b>黄金、原油、大宗商品 – 谈话要点</b></blockquote></p><p> <ul>  <li>Gold prices&nbsp;eye Friday’s US non-farm payrolls report for direction</li>  <li>NFP&nbsp;print key to Fed’s economic outlook, Jackson Hole in view</li>  <li>Crude oil prices&nbsp;trade down to support at key moving average</li> </ul> The price of gold is largely unchanged this week despite a lackluster&nbsp;US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.</p><p><blockquote><ul><li>金价关注周五美国非农就业报告的走向</li><li>非农就业数据是美联储经济前景的关键，杰克逊霍尔在眼前</li><li>原油价格下跌至关键移动平均线支撑</li></ul>尽管美元疲软，但本周黄金价格基本保持不变。上周，在美联储主席杰罗姆·鲍威尔缓和了今年晚些时候缩减规模的鹰派预期后，金价上涨。美联储主席特别提到了劳动力市场，这似乎意味着目前通胀数据将被搁置一边。在经历了几个月的短暂叙事之后，这是有道理的。既然市场似乎已经屈服于这一观点，美联储的评论更加关注就业。</blockquote></p><p> That said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.</p><p><blockquote>尽管如此，定于周五公布的本周非农就业报告可能对大宗商品价格尤为重要。根据彭博社的一项调查，分析师预计 7 月份将增加 87.5 万个就业岗位。与 6 月份的 85 万个相比，这将增加 2.5 万个工作岗位。同一项调查显示，失业率从 5.9% 降至 5.7%。</blockquote></p><p> The Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.</p><p><blockquote>美联储的重点是就业，这使得这份非农就业报告对金价尤为重要。如果数据远远超出估计值，这可能会导致相对过大的波动性。除了就业数据，市场还将把目光转向定于 8 月 26 日至 28 日举行的杰克逊霍尔经济研讨会。鲍威尔先生定于发表讲话，许多人预计美联储的缩减规模时间表可能会发出一个潜在信号。有鉴于此，周五数据的失误可能会让人认为美联储将推迟宣布这一时间表。或者，好于预期的数据可能会引发鹰派押注，这对金价来说是个坏兆头。</blockquote></p><p> Elsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.</p><p><blockquote>在其他地方，原油价格本周初下跌。本周初，采购经理人指数（PMI）显示中国制造业活动增长放缓，加剧了需求方面的担忧。与此同时，泰国和马来西亚等其他亚洲经济中心的PMI数据也不佳。</blockquote></p><p> <b>GOLD TECHNICAL FORECAST:</b></p><p><blockquote><b>黄金技术预测：</b></blockquote></p><p> Gold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.</p><p><blockquote>黄金价格接近 200 天简单移动平均线 (SMA) 下方。一个拥堵区域已经影响了支撑位和阻力位的价格，目前似乎正在证明一定程度的支撑。看涨走势需要突破 200 日移动平均线才能走高。不利的一面是，一个主要水平可能是心理上令人印象深刻的1800水平。</blockquote></p><p> <b>GOLD DAILY CHART</b><img src=\"https://static.tigerbbs.com/51c429fe46fb0dad8dad6862370c47a1\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created withTradingView</p><p><blockquote><b>黄金日线图</b>使用TradingView创建的图表</blockquote></p><p> <b>CRUDE OIL TECHNICAL FORECAST</b></p><p><blockquote><b>原油技术预测</b></blockquote></p><p> Crude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.</p><p><blockquote>原油价格回落至 50 天简单移动平均线 (SMA)，该平均线在今年早些时候提供了一定程度的支撑。日线图上可以看到来自 38.2% 斐波那契回撤位的一定程度的汇合支撑。走高将使焦点回到 2018 年 10 月 76.90 点的高点，而该价格在 7 月份未能维持在该高点。</blockquote></p><p> <b>CRUDE OIL DAILY CHART</b><img src=\"https://static.tigerbbs.com/8a4cbf40ccc68545c486afa32063b83a\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created with&nbsp;TradingView</p><p><blockquote><b>原油日线图</b>使用TradingView创建的图表</blockquote></p><p></p>","source":"lsy1568971417606","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite<blockquote>黄金、原油预测：XAU 着眼于 NFP 来衡量缩减时间表的需求</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite<blockquote>黄金、原油预测：XAU 着眼于 NFP 来衡量缩减时间表的需求</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">DailyFX</strong><span class=\"h-time small\">2021-08-03 13:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS</b></p><p><blockquote><b>黄金、原油、大宗商品 – 谈话要点</b></blockquote></p><p> <ul>  <li>Gold prices&nbsp;eye Friday’s US non-farm payrolls report for direction</li>  <li>NFP&nbsp;print key to Fed’s economic outlook, Jackson Hole in view</li>  <li>Crude oil prices&nbsp;trade down to support at key moving average</li> </ul> The price of gold is largely unchanged this week despite a lackluster&nbsp;US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.</p><p><blockquote><ul><li>金价关注周五美国非农就业报告的走向</li><li>非农就业数据是美联储经济前景的关键，杰克逊霍尔在眼前</li><li>原油价格下跌至关键移动平均线支撑</li></ul>尽管美元疲软，但本周黄金价格基本保持不变。上周，在美联储主席杰罗姆·鲍威尔缓和了今年晚些时候缩减规模的鹰派预期后，金价上涨。美联储主席特别提到了劳动力市场，这似乎意味着目前通胀数据将被搁置一边。在经历了几个月的短暂叙事之后，这是有道理的。既然市场似乎已经屈服于这一观点，美联储的评论更加关注就业。</blockquote></p><p> That said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.</p><p><blockquote>尽管如此，定于周五公布的本周非农就业报告可能对大宗商品价格尤为重要。根据彭博社的一项调查，分析师预计 7 月份将增加 87.5 万个就业岗位。与 6 月份的 85 万个相比，这将增加 2.5 万个工作岗位。同一项调查显示，失业率从 5.9% 降至 5.7%。</blockquote></p><p> The Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.</p><p><blockquote>美联储的重点是就业，这使得这份非农就业报告对金价尤为重要。如果数据远远超出估计值，这可能会导致相对过大的波动性。除了就业数据，市场还将把目光转向定于 8 月 26 日至 28 日举行的杰克逊霍尔经济研讨会。鲍威尔先生定于发表讲话，许多人预计美联储的缩减规模时间表可能会发出一个潜在信号。有鉴于此，周五数据的失误可能会让人认为美联储将推迟宣布这一时间表。或者，好于预期的数据可能会引发鹰派押注，这对金价来说是个坏兆头。</blockquote></p><p> Elsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.</p><p><blockquote>在其他地方，原油价格本周初下跌。本周初，采购经理人指数（PMI）显示中国制造业活动增长放缓，加剧了需求方面的担忧。与此同时，泰国和马来西亚等其他亚洲经济中心的PMI数据也不佳。</blockquote></p><p> <b>GOLD TECHNICAL FORECAST:</b></p><p><blockquote><b>黄金技术预测：</b></blockquote></p><p> Gold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.</p><p><blockquote>黄金价格接近 200 天简单移动平均线 (SMA) 下方。一个拥堵区域已经影响了支撑位和阻力位的价格，目前似乎正在证明一定程度的支撑。看涨走势需要突破 200 日移动平均线才能走高。不利的一面是，一个主要水平可能是心理上令人印象深刻的1800水平。</blockquote></p><p> <b>GOLD DAILY CHART</b><img src=\"https://static.tigerbbs.com/51c429fe46fb0dad8dad6862370c47a1\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created withTradingView</p><p><blockquote><b>黄金日线图</b>使用TradingView创建的图表</blockquote></p><p> <b>CRUDE OIL TECHNICAL FORECAST</b></p><p><blockquote><b>原油技术预测</b></blockquote></p><p> Crude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.</p><p><blockquote>原油价格回落至 50 天简单移动平均线 (SMA)，该平均线在今年早些时候提供了一定程度的支撑。日线图上可以看到来自 38.2% 斐波那契回撤位的一定程度的汇合支撑。走高将使焦点回到 2018 年 10 月 76.90 点的高点，而该价格在 7 月份未能维持在该高点。</blockquote></p><p> <b>CRUDE OIL DAILY CHART</b><img src=\"https://static.tigerbbs.com/8a4cbf40ccc68545c486afa32063b83a\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created with&nbsp;TradingView</p><p><blockquote><b>原油日线图</b>使用TradingView创建的图表</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html\">DailyFX</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158866167","content_text":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade down to support at key moving average\n\nThe price of gold is largely unchanged this week despite a lackluster US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.\nThat said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.\nThe Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.\nElsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.\nGOLD TECHNICAL FORECAST:\nGold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.\nGOLD DAILY CHARTChart created withTradingView\nCRUDE OIL TECHNICAL FORECAST\nCrude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.\nCRUDE OIL DAILY CHARTChart created with TradingView","news_type":1,"symbols_score_info":{"MCLmain":0.9,"GCmain":0.9,"UKOILmain":0.9}},"isVote":1,"tweetType":1,"viewCount":3547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140312376,"gmtCreate":1625629017795,"gmtModify":1631890876118,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Please like my comments pls. Thanks","listText":"Please like my comments pls. Thanks","text":"Please like my comments pls. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/140312376","repostId":"1171645479","repostType":4,"isVote":1,"tweetType":1,"viewCount":3080,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154902381,"gmtCreate":1625465411843,"gmtModify":1631890876126,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Please like my comment. Thanks","listText":"Please like my comment. Thanks","text":"Please like my comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/154902381","repostId":"1109703914","repostType":4,"repost":{"id":"1109703914","kind":"news","pubTimestamp":1625464355,"share":"https://www.laohunote.com/m/news/1109703914?lang=zh_CN&edition=full","pubTime":"2021-07-05 13:52","market":"us","language":"en","title":"Is the Stock Market Open or Closed on Independence Day?<blockquote>独立日股市是开市还是休市？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109703914","media":"Thestreet","summary":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.So will the major markets open or close for the holiday?The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.It's one of nine full-closing daysfor the stock market this year.For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading i","content":"<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p><p><blockquote>对许多人来说，美国的独立日是野餐和海滩日。但今年的7月4日是星期天，在美国不是交易日。</blockquote></p><p> So will the major markets open or close for the holiday?</p><p><blockquote>那么主要市场在假期会开放还是关闭呢？</blockquote></p><p> The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p><p><blockquote>事实上，纽约证券交易所和纳斯达克将于7月5日星期一休市，以庆祝独立日。</blockquote></p><p> It's&nbsp;one of nine full-closing daysfor the stock market this year.</p><p><blockquote>这是今年股市九个完整收盘日之一。</blockquote></p><p> For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p><p><blockquote>例如，股市将于11月25日星期四感恩节休市。11 月 26 日星期五，交易时间为美国东部时间上午 9:30 至下午 1 点，为期半天多一点。</blockquote></p><p> Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p><p><blockquote>正常股票交易时间为美国东部时间上午 9:30 至下午 4 点。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the Stock Market Open or Closed on Independence Day?<blockquote>独立日股市是开市还是休市？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the Stock Market Open or Closed on Independence Day?<blockquote>独立日股市是开市还是休市？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-05 13:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p><p><blockquote>对许多人来说，美国的独立日是野餐和海滩日。但今年的7月4日是星期天，在美国不是交易日。</blockquote></p><p> So will the major markets open or close for the holiday?</p><p><blockquote>那么主要市场在假期会开放还是关闭呢？</blockquote></p><p> The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p><p><blockquote>事实上，纽约证券交易所和纳斯达克将于7月5日星期一休市，以庆祝独立日。</blockquote></p><p> It's&nbsp;one of nine full-closing daysfor the stock market this year.</p><p><blockquote>这是今年股市九个完整收盘日之一。</blockquote></p><p> For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p><p><blockquote>例如，股市将于11月25日星期四感恩节休市。11 月 26 日星期五，交易时间为美国东部时间上午 9:30 至下午 1 点，为期半天多一点。</blockquote></p><p> Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p><p><blockquote>正常股票交易时间为美国东部时间上午 9:30 至下午 4 点。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109703914","content_text":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.\nSo will the major markets open or close for the holiday?\nThe New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.\nIt's one of nine full-closing daysfor the stock market this year.\nFor instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.\nNormal stock-trading hours run 9:30 a.m. to 4 p.m. ET.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127894375,"gmtCreate":1624842413997,"gmtModify":1631890876135,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment pls","listText":"Like &amp; comment pls","text":"Like & comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/127894375","repostId":"1152478622","repostType":4,"isVote":1,"tweetType":1,"viewCount":3865,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124466928,"gmtCreate":1624781946164,"gmtModify":1631890876146,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment please&nbsp;","listText":"Like &amp; comment please&nbsp;","text":"Like & comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/124466928","repostId":"1184001921","repostType":4,"repost":{"id":"1184001921","kind":"news","pubTimestamp":1624763737,"share":"https://www.laohunote.com/m/news/1184001921?lang=zh_CN&edition=full","pubTime":"2021-06-27 11:15","market":"us","language":"en","title":"Amazon: Good Stock, Not Good Price<blockquote>亚马逊：库存好，价格不好</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184001921","media":"seekingalpha","summary":"Summary\n\nAmazon is one of the most innovative companies in the world today, leading the E-commerce i","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Amazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.</li>  <li>Unfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.</li>  <li>This article looks at what Amazon stock is most likely worth for us investors.</li>  <li>I hope you enjoy.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/451bc93115fb453c0fcb76434c40f7f4\" tg-width=\"1536\" tg-height=\"1024\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是当今世界最具创新精神的公司之一，引领着电子商务行业和云计算服务。</li><li>不幸的是，它的价格有点过高。这与我分析过的其他一些大型股一致。</li><li>本文着眼于亚马逊股票对美国投资者来说最有可能的价值。</li><li>我希望你喜欢。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Today, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.</p><p><blockquote>如今，根据我的内在价值模型，亚马逊（AMZN）似乎有点定价过高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a82d937a2de3f0709088e1ab4548267b\" tg-width=\"371\" tg-height=\"260\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> You might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.</p><p><blockquote>您可能已经看过我的其他一些文章，其中我抨击了苹果 (AAPL) 或微软 (MSFT) 等其他热门股票。好吧，我想今天轮到亚马逊了。我只是试图分享我认为公司的价值，我发现很多公司似乎定价过高。</blockquote></p><p> In this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.</p><p><blockquote>在这篇文章中，我将分析我是如何得出亚马逊估值的。我知道关于亚马逊有很多不同的观点，所以我会尝试分享我的估值背后的原因，以帮助你在未来做出更好的投资。</blockquote></p><p> Something important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.</p><p><blockquote>你应该知道一件重要的事情——我不是亚马逊方面的专家，而且我很难评估成长型股票。我真的怀疑我是否有能力估计一家公司的未来增长。我通过观察过去的增长并对未来做出保守的估计来预测未来的增长。</blockquote></p><p> This method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.</p><p><blockquote>这种方法接近于“数据外推”，即根据过去的数据做出假设。数据外推不是很好，因为未来不同于过去——所以根据过去的数据进行未来预测并不理想。</blockquote></p><p> But after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.</p><p><blockquote>但在对数百家公司进行估值后，我发现这种风格在获得大致正确的估值方面做得很好。我总是尽量把我的估值定得低，因为低买高卖赔钱不如低买高卖。</blockquote></p><p>   Warren Buffett said, “The three most important words in investing are  <b>margin of safety</b>.” That means to buy stuff on sale... That's the whole secret to great investing.    Rule 1 Investing  This model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.</p><p><blockquote>沃伦·巴菲特说：“投资中最重要的三个词是<b>安全裕度</b>意思是买打折的东西……这就是伟大投资的全部秘诀。规则 1 投资该模型的基础是获得“大致正确”的估值，并寻求以较大的安全边际购买。我希望你喜欢，一如既往，我会尽量保持干净和常识。</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Where does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.</p><p><blockquote>亚马逊从哪里来钱？亚马逊分为3个部门：北美、国际和AWS。</blockquote></p><p> As a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.</p><p><blockquote>作为2个高增长行业（电子商务和云计算）的市场领导者，亚马逊未来很可能会继续保持高增长。在本节中，我查看了亚马逊每个细分市场过去的收入增长和营业利润率，并以此对未来做出了保守的预测。</blockquote></p><p> And later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.</p><p><blockquote>后来，我把每个细分市场的数字加起来，对整个公司进行预测。以下是 AMZN 的北美业务。该部门的收入来自零售销售和订阅服务收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce022c0ecacc3829cf83378211bbfd9d\" tg-width=\"640\" tg-height=\"192\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> I projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.</p><p><blockquote>我预计该部门的收入增长将下降，营业利润率将强劲。我预计收入增长会放缓，因为我认为亚马逊在北美能赚多少钱必须有一个上限。</blockquote></p><p> Hopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.</p><p><blockquote>希望亚马逊能够超过这一收入增长。但是，我确实认为亚马逊在5年内从2000亿美元的收入增长到4000亿美元将是一个非常不可思议的壮举。</blockquote></p><p> Here's a look at Amazon's International segment:</p><p><blockquote>以下是亚马逊的国际业务：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3d7a5bde370f55e863f58c888abc496\" tg-width=\"640\" tg-height=\"219\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> For Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.</p><p><blockquote>对于亚马逊的国际部门，我预计年收入增长 20%，营业利润率将有所提高。我认为营业利润率会逐渐提高，直到利润率达到与亚马逊美国业务相似的水平。</blockquote></p><p> And for Amazon's last and most exciting segment, here's AWS:</p><p><blockquote>对于亚马逊最后也是最令人兴奋的部分，这里是 AWS：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/769700013871f2cd09e8ce47cfb10966\" tg-width=\"640\" tg-height=\"203\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> AWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about&nbsp;17.5% CAGR&nbsp;until 2025.</p><p><blockquote>AWS无疑将为亚马逊带来高增长和高利润。我预计 AWS 细分市场可能会继续高速增长。我预计年收入增长率为25-30%，因为云计算有很大的增长空间，根据研究和市场，到2025年，云计算行业的CAGR增长率应该约为17.5%。</blockquote></p><p></p><p> Additionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.</p><p><blockquote>此外，我预计营业利润率为 28%，因为 AWS 业务受益于运营杠杆。随着越来越多的人使用该软件，该公司能够将成本分摊到更多人身上，从而获得更高的利润。亚马逊的营业利润率有可能超过 28%，因此亚马逊的公允价值可能会有上涨空间。</blockquote></p><p> These projections were added together to help us figure out what the entire company should be worth.</p><p><blockquote>这些预测被加在一起，以帮助我们计算出整个公司的价值。</blockquote></p><p> <b>Capital Allocation</b></p><p><blockquote><b>资本配置</b></blockquote></p><p> How does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.</p><p><blockquote>亚马逊是怎么花钱的？你可能会发现分析亚马逊的资本配置很有趣，这样你就可以看到亚马逊用它的钱做了什么，以及它未来可能会投资到哪里。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f5afa0f641ee1aae39aa69cc150165\" tg-width=\"619\" tg-height=\"499\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> The biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.</p><p><blockquote>亚马逊运营现金流的最大部分用于资本支出。据我所知，亚马逊在过去5年里没有任何分享活动。该公司已经发行股票——但从现金流量表来看，他们似乎没有通过出售股票筹集到任何资金，也没有花任何钱回购股票。</blockquote></p><p>   In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration.  <i>There were no repurchases of common stock in 2018, 2019, or 2020.</i>    Source:2020 10-K&nbsp;page 60,  <i>emphasis added</i>  But for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.</p><p><blockquote>2016年2月，董事会批准了一项回购高达50亿美元普通股的计划，没有固定的到期日。<i>2018年、2019年或2020年没有回购普通股。</i>来源：2020 10-K 第 60 页，<i>增加了重点</i>但就我们的目的而言，这句话表明亚马逊在过去 3 年里没有回购任何股票。他们也没有在股息上花任何钱，这很好，因为他们是一家高增长公司。</blockquote></p><p> Amazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.</p><p><blockquote>亚马逊一直在收购和偿还债务上花钱。真正有趣的是，亚马逊在过去5年里积累了大量闲置现金。自2016年以来，他们的现金头寸增加了约580亿美元，从2016年底的约26B美元增加到2020年底的约840亿美元。</blockquote></p><p> Amazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.</p><p><blockquote>亚马逊拥有比以前多得多的现金，因此我们可能会看到未来的支出将用于股息、股票回购、新收购，或者更多将带来增长的商业投资。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> First, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.</p><p><blockquote>首先，我对亚马逊使用了 7.7% 的贴现率，因为我发现该公司的加权平均资本成本 (WACC) 就是这样。我假设股权成本为 8%，过去 10 年亚马逊的平均税率约为 20-30%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c036264f19bb10fdad477a629b40f803\" tg-width=\"361\" tg-height=\"288\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> I used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.</p><p><blockquote>我用DCF模型找到了亚马逊今天的价值。在下面的模型中，您可以在顶部 2 个红色方框中看到，我预计该公司的收入增长将较低，营业利润率将较高。</blockquote></p><p> This model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.</p><p><blockquote>该模型预计，到 2025 年，亚马逊的收入将超过 8500 亿美元。仔细想想，这绝对是疯狂的，但根据预计的收入增长，这似乎是可行的。</blockquote></p><p> Right now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.</p><p><blockquote>目前，沃尔玛（纽约证券交易所股票代码：WMT）以约 5500 亿美元的收入领先全球。亚马逊的年收入排名第三，约为 3900 亿美元。5年后，亚马逊很容易成为世界上收入最高的公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95c459abcbda43e35b40379a1083ecae\" tg-width=\"640\" tg-height=\"510\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Down at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.</p><p><blockquote>在该模型的底部，您可以看到一个红色框，显示无杠杆自由现金流利润率。这基本上衡量了公司有多少收入将成为商业利润，不包括利息或债务支付。在绿松石框中，我应用贴现率来查看未来现金流今天的价值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a3fa0846616fdc847a3fe1fdf7a09bed\" tg-width=\"267\" tg-height=\"404\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Today, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.</p><p><blockquote>如今，亚马逊似乎被高估了。该模型预测该股可能被高估约 15%，如果我们今天投资，我们预计未来 5 年的年回报率约为 5%。</blockquote></p><p> These estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.</p><p><blockquote>该等估计乃基于业务应产生的未来现金流量。我不讨厌亚马逊或任何东西，我只是不认为亚马逊股票在目前的价格下会是一项伟大的投资。</blockquote></p><p> Down at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.</p><p><blockquote>在底部，我抛出了两个亚马逊股票可能更有吸引力的“买入价”。这背后的想法是，AMZN 股票越便宜，我们期望的回报就越高。</blockquote></p><p> The model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.</p><p><blockquote>该模型预计，每股 2,200 美元的年回报率约为 15%，每股 1,700 美元的年回报率约为 22%。</blockquote></p><p> \"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.</p><p><blockquote>“但是当股票交易价格接近 3,500 美元时，将买入价设定在 2,000 美元左右是不是似乎不合理？”确实有一点点。亚马逊的股价似乎不太可能跌破 2,000 美元。</blockquote></p><p></p><p> But the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.</p><p><blockquote>但我们的想法是，如果我们有耐心，我们可能会有机会以低价购买这些股票。去年2月，亚马逊的交易价格低于1900美元（我希望我当时买了一些）。我们将来可能有机会以折扣价购买亚马逊。</blockquote></p><p> <b>Recap</b></p><p><blockquote><b>回顾</b></blockquote></p><p> Today, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.</p><p><blockquote>如今，亚马逊似乎被略微高估了，因为它似乎在未来 5 年内提供了约 5% 的年回报率。这并不意味着如果你是长期持有者，你就应该出售亚马逊，因为亚马逊应该继续作为电子商务和云计算领域的领导者做得很好。</blockquote></p><p> But if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.</p><p><blockquote>但如果您正在寻找下一只投资股票，亚马逊现在似乎太贵了。如果你已经关注亚马逊有一段时间了，你想进入亚马逊，现在不是进入亚马逊的最佳时机。</blockquote></p><p> Even if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.</p><p><blockquote>即使我们不投资股票，我们仍然可以看着亚马逊成为世界上收入最高的公司。我们可以从研究亚马逊和杰夫·贝索斯中学到很多东西。他是个聪明的家伙。</blockquote></p><p> Thank you very much for reading, and I hope that you have a great rest of your day.</p><p><blockquote>非常感谢你的阅读，我希望你今天过得愉快。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon: Good Stock, Not Good Price<blockquote>亚马逊：库存好，价格不好</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon: Good Stock, Not Good Price<blockquote>亚马逊：库存好，价格不好</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-27 11:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Amazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.</li>  <li>Unfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.</li>  <li>This article looks at what Amazon stock is most likely worth for us investors.</li>  <li>I hope you enjoy.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/451bc93115fb453c0fcb76434c40f7f4\" tg-width=\"1536\" tg-height=\"1024\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>亚马逊是当今世界最具创新精神的公司之一，引领着电子商务行业和云计算服务。</li><li>不幸的是，它的价格有点过高。这与我分析过的其他一些大型股一致。</li><li>本文着眼于亚马逊股票对美国投资者来说最有可能的价值。</li><li>我希望你喜欢。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock 社论来自 Getty Images</span></p></blockquote></p><p> Today, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.</p><p><blockquote>如今，根据我的内在价值模型，亚马逊（AMZN）似乎有点定价过高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a82d937a2de3f0709088e1ab4548267b\" tg-width=\"371\" tg-height=\"260\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> You might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.</p><p><blockquote>您可能已经看过我的其他一些文章，其中我抨击了苹果 (AAPL) 或微软 (MSFT) 等其他热门股票。好吧，我想今天轮到亚马逊了。我只是试图分享我认为公司的价值，我发现很多公司似乎定价过高。</blockquote></p><p> In this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.</p><p><blockquote>在这篇文章中，我将分析我是如何得出亚马逊估值的。我知道关于亚马逊有很多不同的观点，所以我会尝试分享我的估值背后的原因，以帮助你在未来做出更好的投资。</blockquote></p><p> Something important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.</p><p><blockquote>你应该知道一件重要的事情——我不是亚马逊方面的专家，而且我很难评估成长型股票。我真的怀疑我是否有能力估计一家公司的未来增长。我通过观察过去的增长并对未来做出保守的估计来预测未来的增长。</blockquote></p><p> This method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.</p><p><blockquote>这种方法接近于“数据外推”，即根据过去的数据做出假设。数据外推不是很好，因为未来不同于过去——所以根据过去的数据进行未来预测并不理想。</blockquote></p><p> But after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.</p><p><blockquote>但在对数百家公司进行估值后，我发现这种风格在获得大致正确的估值方面做得很好。我总是尽量把我的估值定得低，因为低买高卖赔钱不如低买高卖。</blockquote></p><p>   Warren Buffett said, “The three most important words in investing are  <b>margin of safety</b>.” That means to buy stuff on sale... That's the whole secret to great investing.    Rule 1 Investing  This model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.</p><p><blockquote>沃伦·巴菲特说：“投资中最重要的三个词是<b>安全裕度</b>意思是买打折的东西……这就是伟大投资的全部秘诀。规则 1 投资该模型的基础是获得“大致正确”的估值，并寻求以较大的安全边际购买。我希望你喜欢，一如既往，我会尽量保持干净和常识。</blockquote></p><p> <b>Business Model</b></p><p><blockquote><b>商业模式</b></blockquote></p><p> Where does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.</p><p><blockquote>亚马逊从哪里来钱？亚马逊分为3个部门：北美、国际和AWS。</blockquote></p><p> As a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.</p><p><blockquote>作为2个高增长行业（电子商务和云计算）的市场领导者，亚马逊未来很可能会继续保持高增长。在本节中，我查看了亚马逊每个细分市场过去的收入增长和营业利润率，并以此对未来做出了保守的预测。</blockquote></p><p> And later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.</p><p><blockquote>后来，我把每个细分市场的数字加起来，对整个公司进行预测。以下是 AMZN 的北美业务。该部门的收入来自零售销售和订阅服务收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce022c0ecacc3829cf83378211bbfd9d\" tg-width=\"640\" tg-height=\"192\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> I projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.</p><p><blockquote>我预计该部门的收入增长将下降，营业利润率将强劲。我预计收入增长会放缓，因为我认为亚马逊在北美能赚多少钱必须有一个上限。</blockquote></p><p> Hopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.</p><p><blockquote>希望亚马逊能够超过这一收入增长。但是，我确实认为亚马逊在5年内从2000亿美元的收入增长到4000亿美元将是一个非常不可思议的壮举。</blockquote></p><p> Here's a look at Amazon's International segment:</p><p><blockquote>以下是亚马逊的国际业务：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3d7a5bde370f55e863f58c888abc496\" tg-width=\"640\" tg-height=\"219\"><span>Source: Author with data from 2018 10-K,2019 10-K, and 2020 10-K</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：作者数据来自 2018 10-K、2019 10-K 和 2020 10-K</span></p></blockquote></p><p> For Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.</p><p><blockquote>对于亚马逊的国际部门，我预计年收入增长 20%，营业利润率将有所提高。我认为营业利润率会逐渐提高，直到利润率达到与亚马逊美国业务相似的水平。</blockquote></p><p> And for Amazon's last and most exciting segment, here's AWS:</p><p><blockquote>对于亚马逊最后也是最令人兴奋的部分，这里是 AWS：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/769700013871f2cd09e8ce47cfb10966\" tg-width=\"640\" tg-height=\"203\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> AWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about&nbsp;17.5% CAGR&nbsp;until 2025.</p><p><blockquote>AWS无疑将为亚马逊带来高增长和高利润。我预计 AWS 细分市场可能会继续高速增长。我预计年收入增长率为25-30%，因为云计算有很大的增长空间，根据研究和市场，到2025年，云计算行业的CAGR增长率应该约为17.5%。</blockquote></p><p></p><p> Additionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.</p><p><blockquote>此外，我预计营业利润率为 28%，因为 AWS 业务受益于运营杠杆。随着越来越多的人使用该软件，该公司能够将成本分摊到更多人身上，从而获得更高的利润。亚马逊的营业利润率有可能超过 28%，因此亚马逊的公允价值可能会有上涨空间。</blockquote></p><p> These projections were added together to help us figure out what the entire company should be worth.</p><p><blockquote>这些预测被加在一起，以帮助我们计算出整个公司的价值。</blockquote></p><p> <b>Capital Allocation</b></p><p><blockquote><b>资本配置</b></blockquote></p><p> How does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.</p><p><blockquote>亚马逊是怎么花钱的？你可能会发现分析亚马逊的资本配置很有趣，这样你就可以看到亚马逊用它的钱做了什么，以及它未来可能会投资到哪里。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45f5afa0f641ee1aae39aa69cc150165\" tg-width=\"619\" tg-height=\"499\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> The biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.</p><p><blockquote>亚马逊运营现金流的最大部分用于资本支出。据我所知，亚马逊在过去5年里没有任何分享活动。该公司已经发行股票——但从现金流量表来看，他们似乎没有通过出售股票筹集到任何资金，也没有花任何钱回购股票。</blockquote></p><p>   In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration.  <i>There were no repurchases of common stock in 2018, 2019, or 2020.</i>    Source:2020 10-K&nbsp;page 60,  <i>emphasis added</i>  But for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.</p><p><blockquote>2016年2月，董事会批准了一项回购高达50亿美元普通股的计划，没有固定的到期日。<i>2018年、2019年或2020年没有回购普通股。</i>来源：2020 10-K 第 60 页，<i>增加了重点</i>但就我们的目的而言，这句话表明亚马逊在过去 3 年里没有回购任何股票。他们也没有在股息上花任何钱，这很好，因为他们是一家高增长公司。</blockquote></p><p> Amazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.</p><p><blockquote>亚马逊一直在收购和偿还债务上花钱。真正有趣的是，亚马逊在过去5年里积累了大量闲置现金。自2016年以来，他们的现金头寸增加了约580亿美元，从2016年底的约26B美元增加到2020年底的约840亿美元。</blockquote></p><p> Amazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.</p><p><blockquote>亚马逊拥有比以前多得多的现金，因此我们可能会看到未来的支出将用于股息、股票回购、新收购，或者更多将带来增长的商业投资。</blockquote></p><p> <b>Valuation</b></p><p><blockquote><b>估值</b></blockquote></p><p> First, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.</p><p><blockquote>首先，我对亚马逊使用了 7.7% 的贴现率，因为我发现该公司的加权平均资本成本 (WACC) 就是这样。我假设股权成本为 8%，过去 10 年亚马逊的平均税率约为 20-30%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c036264f19bb10fdad477a629b40f803\" tg-width=\"361\" tg-height=\"288\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> I used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.</p><p><blockquote>我用DCF模型找到了亚马逊今天的价值。在下面的模型中，您可以在顶部 2 个红色方框中看到，我预计该公司的收入增长将较低，营业利润率将较高。</blockquote></p><p> This model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.</p><p><blockquote>该模型预计，到 2025 年，亚马逊的收入将超过 8500 亿美元。仔细想想，这绝对是疯狂的，但根据预计的收入增长，这似乎是可行的。</blockquote></p><p> Right now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.</p><p><blockquote>目前，沃尔玛（纽约证券交易所股票代码：WMT）以约 5500 亿美元的收入领先全球。亚马逊的年收入排名第三，约为 3900 亿美元。5年后，亚马逊很容易成为世界上收入最高的公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95c459abcbda43e35b40379a1083ecae\" tg-width=\"640\" tg-height=\"510\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Down at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.</p><p><blockquote>在该模型的底部，您可以看到一个红色框，显示无杠杆自由现金流利润率。这基本上衡量了公司有多少收入将成为商业利润，不包括利息或债务支付。在绿松石框中，我应用贴现率来查看未来现金流今天的价值。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a3fa0846616fdc847a3fe1fdf7a09bed\" tg-width=\"267\" tg-height=\"404\"><span>Source: Author</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：作者</span></p></blockquote></p><p> Today, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.</p><p><blockquote>如今，亚马逊似乎被高估了。该模型预测该股可能被高估约 15%，如果我们今天投资，我们预计未来 5 年的年回报率约为 5%。</blockquote></p><p> These estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.</p><p><blockquote>该等估计乃基于业务应产生的未来现金流量。我不讨厌亚马逊或任何东西，我只是不认为亚马逊股票在目前的价格下会是一项伟大的投资。</blockquote></p><p> Down at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.</p><p><blockquote>在底部，我抛出了两个亚马逊股票可能更有吸引力的“买入价”。这背后的想法是，AMZN 股票越便宜，我们期望的回报就越高。</blockquote></p><p> The model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.</p><p><blockquote>该模型预计，每股 2,200 美元的年回报率约为 15%，每股 1,700 美元的年回报率约为 22%。</blockquote></p><p> \"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.</p><p><blockquote>“但是当股票交易价格接近 3,500 美元时，将买入价设定在 2,000 美元左右是不是似乎不合理？”确实有一点点。亚马逊的股价似乎不太可能跌破 2,000 美元。</blockquote></p><p></p><p> But the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.</p><p><blockquote>但我们的想法是，如果我们有耐心，我们可能会有机会以低价购买这些股票。去年2月，亚马逊的交易价格低于1900美元（我希望我当时买了一些）。我们将来可能有机会以折扣价购买亚马逊。</blockquote></p><p> <b>Recap</b></p><p><blockquote><b>回顾</b></blockquote></p><p> Today, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.</p><p><blockquote>如今，亚马逊似乎被略微高估了，因为它似乎在未来 5 年内提供了约 5% 的年回报率。这并不意味着如果你是长期持有者，你就应该出售亚马逊，因为亚马逊应该继续作为电子商务和云计算领域的领导者做得很好。</blockquote></p><p> But if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.</p><p><blockquote>但如果您正在寻找下一只投资股票，亚马逊现在似乎太贵了。如果你已经关注亚马逊有一段时间了，你想进入亚马逊，现在不是进入亚马逊的最佳时机。</blockquote></p><p> Even if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.</p><p><blockquote>即使我们不投资股票，我们仍然可以看着亚马逊成为世界上收入最高的公司。我们可以从研究亚马逊和杰夫·贝索斯中学到很多东西。他是个聪明的家伙。</blockquote></p><p> Thank you very much for reading, and I hope that you have a great rest of your day.</p><p><blockquote>非常感谢你的阅读，我希望你今天过得愉快。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436641-amazon-good-stock-not-good-price\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4436641-amazon-good-stock-not-good-price","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184001921","content_text":"Summary\n\nAmazon is one of the most innovative companies in the world today, leading the E-commerce industry and cloud computing services.\nUnfortunately, it's a little overpriced. This is consistent with some of the other mega-cap stocks I've analyzed.\nThis article looks at what Amazon stock is most likely worth for us investors.\nI hope you enjoy.\n\nSundry Photography/iStock Editorial via Getty Images\nToday, Amazon (AMZN) seems to be a little overpriced based on my intrinsic value model.\nSource: Author\nYou might have seen some of my other articles where I've bashed other popular stocks like Apple (AAPL) or Microsoft (MSFT). Well, I guess today it's Amazon's turn. I just try to share what I think companies are worth, and I've found that a lot of companies seem to be overpriced.\nIn this article, I'll break down how I came up with Amazon's valuation. I know that there's tons of different opinions out there about Amazon, so I'll try to share the reasoning behind my valuation to help you make better investments in the future.\nSomething important you should know - I'm not an expert on Amazon, and I have a really difficult time valuing growth stocks. I really doubt that I have the ability to estimate a company's future growth. I made future growth estimates by looking at past growth and making conservative estimates of the future.\nThis method borders on \"data extrapolation\", which is making assumptions based on past data. Data extrapolation isn't great because the future is different from the past - so making future projections based on past data isn't ideal.\nBut after valuing hundreds of companies, I've found that this kind of style does a good job of getting the valuation approximately right. I always try to set my valuations low, because it's better to buy low and make a killing than buy high and lose money.\n\n Warren Buffett said, “The three most important words in investing are\n margin of safety.” That means to buy stuff on sale... That's the whole secret to great investing.\n\n\n Rule 1 Investing\n\nThis model is built on getting the valuation \"approximately right,\" and looking to buy with a large margin of safety. I hope you enjoy, and as always, I'll try to keep it clean and common sense.\nBusiness Model\nWhere does Amazon get its money? Amazon is split into 3 segments: North America, International, and AWS.\nAs a market leader in 2 high growth industries (E-commerce and cloud computing), Amazon will probably continue to see high growth in the future. In this section, I looked at the past revenue growth and operating margins for each of Amazon's segments, and I used this to make conservative future projections.\nAnd later, I added up the numbers from each segment to make projections for the whole company. Here's a look at AMZN's North America segment. This segment's revenue comes from retail sales and subscription service revenues.\nSource: Author with data from 2018 10-K,2019 10-K, and 2020 10-K\nI projected declining revenue growth and strong operating margins for this segment. I projected slower revenue growth, because I figure there has to be a cap on how much money Amazon can make in North America.\nHopefully, Amazon will exceed this revenue growth. But, I do think it would be a pretty incredible feat for Amazon to grow from $200B in revenue to $400B in 5 years.\nHere's a look at Amazon's International segment:\nSource: Author with data from 2018 10-K,2019 10-K, and 2020 10-K\nFor Amazon's international segment, I projected 20% annual revenue growth, and improving operating margins. I figured that operating margins would gradually improve until the margins reached a similar point to what Amazon sees in its US segment.\nAnd for Amazon's last and most exciting segment, here's AWS:\nSource: Author\nAWS is undoubtedly going to bring high growth for Amazon, and high profits. I projected that the AWS segment will probably continue to grow at a high rate. I projected a 25-30% annual revenue growth rate because cloud computing has a lot of room to grow, and according to Research and Markets, the cloud computing industry should grow at about 17.5% CAGR until 2025.\nAdditionally, I projected 28% operating margins, because the AWS business benefits from operating leverage. As more people use the software, the company is able to make higher margins as it spreads costs over more people. It's possible that Amazon could exceed 28% operating margins, so there might be upside to Amazon's fair value.\nThese projections were added together to help us figure out what the entire company should be worth.\nCapital Allocation\nHow does Amazon spend its money? You might find it interesting to analyze Amazon's capital allocation, so you can see what Amazon does with its money, and where it might be investing for the future.\nSource: Author\nThe biggest portion of Amazon's operating cash flows goes towards capital expenditures. From what I can tell, Amazon has not had any share activity over the past 5 years. The company has issued shares - but from the looks of the cash flow statement, it looks like they haven't raised any money from selling shares, and they haven't spent any money buying back shares.\n\n In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration.\n There were no repurchases of common stock in 2018, 2019, or 2020.\n\n\n Source:2020 10-K page 60,\n emphasis added\n\nBut for our purposes, this quote shows that Amazon hasn't bought back any stock over the past 3 years. They also haven't spent any money on dividends, which is good because they're a high growth company.\nAmazon has consistently spent money on acquisitions and paying down debt. What's really interesting is that Amazon has built up a lot of spare cash over the past 5 years. Their cash position has risen about $58B since 2016, going from about $26B at the end of 2016 to about $84B at the end of 2020.\nAmazon has a lot more cash than they used to, so we could see future spending go towards a dividend, share buybacks, new acquisitions, or maybe more business investments that will lead to growth.\nValuation\nFirst, I used a discount rate of 7.7% for Amazon because that's what I found the company's weighted average cost of capital, or WACC, to be. I assumed an 8% cost of equity, and Amazon has averaged somewhere around a 20-30% tax rate over the past 10 years.\nSource: Author\nI used a DCF model to find Amazon's value today. In the model down below, you can see in the top 2 red boxes that I projected that the company would have lower revenue growth and strong operating margins.\nThis model projects that Amazon will have over $850B in revenue by 2025. That's absolutely nuts if you think about it, but based on estimated revenue growth, it seems feasible.\nRight now, Walmart(NYSE:WMT)leads the world in revenue with about $550B. Amazon sits in third place for annual revenue, with about $390B. In 5 years, Amazon could easily have the largest revenue of any company in the world.\nSource: Author\nDown at the bottom of this model, you can see there's a red box that projects unlevered FCF margins. This basically measures how much of the company's revenue will become business profits, without including interest or debt payments. In the turquoise box, I applied the discount rate to see what the future cash flows are worth today.\nSource: Author\nToday, it looks like Amazon is slightly overvalued. The model projects that the stock might be about 15% overvalued, and we could expect to make about 5% annual returns over the next 5 years if we invested today.\nThese estimations are based on the future cash flows that the business should generate. I don't hate Amazon or anything, I just don't think that Amazon stock would make a great investment at current prices.\nDown at the bottom, I threw in 2 \"Buy Prices\" where Amazon stock might be more appealing. The idea behind this is that the cheaper AMZN stock gets, the higher returns we can expect.\nThe model projects that you'd make around 15% annual returns at $2,200 per share, and you might make around 22% annual returns at $1,700 per share.\n\"But doesn't it seem unreasonable to set the buy price in the $2,000s when the stock's trading near $3,500?\" It does a little bit. It seems pretty unlikely that Amazon's share price will nose dive right down past $2,000.\nBut the idea is, if we're patient, we might get an opportunity to buy these shares underpriced. Last February, Amazon traded lower than $1,900 (I wish I bought some back then). We'll probably have opportunities in the future to buy Amazon at a discount.\nRecap\nToday, it seems like Amazon is slightly overvalued, because it seems to offer about 5% annual returns over the next 5 years. That doesn't mean you should sell Amazon if you're a long time holder, because Amazon should continue to do well as a leader in E-commerce and cloud computing.\nBut if you're looking for your next stock to invest in, Amazon seems to be too expensive right now. And if you've been eyeing Amazon for a while and you're looking to get in, now's not the best time to get into Amazon.\nEven if we don't invest in the stock, we can still watch Amazon as they become the company with the most revenue in the world. And there's a lot we can learn from studying Amazon and Jeff Bezos. He's a smart dude.\nThank you very much for reading, and I hope that you have a great rest of your day.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":2635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126459796,"gmtCreate":1624582473015,"gmtModify":1631890876161,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment&nbsp;","listText":"Like &amp; comment&nbsp;","text":"Like & comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/126459796","repostId":"1193737129","repostType":4,"isVote":1,"tweetType":1,"viewCount":3859,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126075278,"gmtCreate":1624540465594,"gmtModify":1631890876171,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment please&nbsp;","listText":"Like &amp; comment please&nbsp;","text":"Like & comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126075278","repostId":"2145044815","repostType":4,"isVote":1,"tweetType":1,"viewCount":2324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123546554,"gmtCreate":1624431520478,"gmtModify":1631890876181,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comments please&nbsp;","listText":"Like &amp; comments please&nbsp;","text":"Like & comments please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123546554","repostId":"2145520610","repostType":4,"isVote":1,"tweetType":1,"viewCount":3049,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164994017,"gmtCreate":1624164464339,"gmtModify":1631890876191,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment please, thank you","listText":"Like &amp; comment please, thank you","text":"Like & comment please, thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/164994017","repostId":"1126454279","repostType":4,"isVote":1,"tweetType":1,"viewCount":3911,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162670060,"gmtCreate":1624063250650,"gmtModify":1631890876204,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment","listText":"Like &amp; comment","text":"Like & comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162670060","repostId":"1197466929","repostType":4,"isVote":1,"tweetType":1,"viewCount":1997,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166029619,"gmtCreate":1623985882431,"gmtModify":1631887210386,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Get my post ‘featured’ please !! ☺️","listText":"Get my post ‘featured’ please !! ☺️","text":"Get my post ‘featured’ please !! ☺️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166029619","repostId":"1193513504","repostType":4,"isVote":1,"tweetType":1,"viewCount":799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161167632,"gmtCreate":1623911978826,"gmtModify":1631893061078,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Awesome! Like &amp; comment please, thank you","listText":"Awesome! Like &amp; comment please, thank you","text":"Awesome! Like & comment please, thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/161167632","repostId":"1139981231","repostType":4,"repost":{"id":"1139981231","kind":"news","pubTimestamp":1623910261,"share":"https://www.laohunote.com/m/news/1139981231?lang=zh_CN&edition=full","pubTime":"2021-06-17 14:11","market":"us","language":"en","title":"Apple Struggles in Push to Make Healthcare Its Greatest Legacy<blockquote>苹果努力使医疗保健成为其最伟大的遗产</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139981231","media":"The Wall Street Journal","summary":"Tech giant has envisioned hiring doctors to offer primary care, now focused on Watch\nUnder the leade","content":"<p>Tech giant has envisioned hiring doctors to offer primary care, now focused on Watch</p><p><blockquote>科技巨头曾设想聘请医生提供初级保健，现在专注于观察</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cdcc89ff3fd1e1d8ec3f02f3aaf52457\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"><span>Under the leadership of CEO Tim Cook, Apple has increased its research-and-development budget eightfold to $20 billion annually.</span></p><p><blockquote><p class=\"t-img-caption\"><span>在首席执行官蒂姆·库克的领导下，苹果的研发预算增加了八倍，达到每年200亿美元。</span></p></blockquote></p><p> Apple&nbsp;Inc.&nbsp;Chief Executive Tim Cook has said the company’s greatest contribution to mankind will be in health. So far, some Apple initiatives aimed at broadly disrupting the healthcare sector have struggled to gain traction, according to people familiar with them and documents reviewed by The Wall Street Journal.</p><p><blockquote>苹果公司首席执行官蒂姆-库克（Tim Cook）表示，公司对人类最大的贡献将是健康。据知情人士和《华尔街日报》查阅的文件称，到目前为止，一些旨在广泛颠覆医疗保健行业的苹果举措一直难以获得关注。</blockquote></p><p> Apple has envisioned an audacious plan for healthcare, offering its own primary-care medical service with Apple-employed doctors at its own clinics, according to people familiar with the plan and documents. To test that and other bold healthcare ideas, it took over clinics that catered to its employees and built a team with scores of clinicians, engineers, product designers and others.</p><p><blockquote>据熟悉该计划和文件的人士透露，苹果已经设想了一项大胆的医疗保健计划，在自己的诊所提供自己的初级保健医疗服务，由苹果雇佣的医生提供。为了测试这一点和其他大胆的医疗保健想法，它接管了迎合员工的诊所，并建立了一个由数十名临床医生、工程师、产品设计师和其他人组成的团队。</blockquote></p><p> Today those ambitions, which aren’t widely known, have largely stalled as Apple has shifted the focus of its health unit to something it knows well: Selling devices, specifically the Apple Watch, according to people familiar with its strategy.</p><p><blockquote>如今，这些并不广为人知的雄心壮志在很大程度上已经停滞不前，因为苹果已将其健康部门的重点转移到了它熟悉的领域：据熟悉其战略的人士透露，销售设备，特别是苹果手表。</blockquote></p><p> The new primary-care service hasn’t gotten off the ground, people familiar with it say. A digital health app launched quietly this year has struggled to keep users engaged, say people familiar with the app and the documents seen by the Journal. Some employees have raised questions internally about the integrity of health data coming from the company’s clinics that has been used to support product development, according to people familiar with their concerns and the documents.</p><p><blockquote>熟悉情况的人士说，新的初级保健服务尚未启动。熟悉该应用程序和《华尔街日报》看到的文件的人士表示，今年悄然推出的一款数字健康应用程序一直难以吸引用户参与。据熟悉员工和文件的人士透露，一些员工在内部对公司诊所用于支持产品开发的健康数据的完整性提出了质疑。</blockquote></p><p> An Apple spokesman said data integrity is the foundation for all of the company’s innovations. He pointed to the accomplishments of its health team and said the company is still in the early innings of its work in healthcare, adding that new technology such as&nbsp;heart-rate notifications&nbsp;in products like the Apple Watch have improved users’ health. He said data gathered by Apple’s devices is enabling new research that has the potential to improve care.</p><p><blockquote>苹果发言人表示，数据完整性是公司所有创新的基础。他指出了公司健康团队取得的成就，并表示公司在医疗保健领域的工作仍处于早期阶段，并补充说，苹果手表等产品中的心率通知等新技术已经改善了用户的健康状况。他说，苹果设备收集的数据正在推动新的研究，有可能改善护理。</blockquote></p><p> “Many of the assertions in this report are based on incomplete, outdated and inaccurate information,” the spokesman said.</p><p><blockquote>“发言人说：”本报告中的许多说法都是基于不完整、过时和不准确的信息。</blockquote></p><p> Looking for new markets where technology can improve efficiency and outcomes—and power sales growth—the tech sector has eyed healthcare as an untapped opportunity. Some of tech’s biggest efforts have failed, includingHaven,Amazon.com&nbsp;Inc.’s&nbsp;high-profile partnership with other companies that aimed to reduce healthcare costs. Today, Amazon has a new effort to sell prescriptions and a plan to launch&nbsp;virtual care across 50 states.</p><p><blockquote>寻找技术可以提高效率和成果并推动销售增长的新市场，科技行业将医疗保健视为一个尚未开发的机会。科技公司的一些最大努力都失败了，包括亚马逊公司（Amazon.com Inc.）与其他旨在降低医疗成本的公司高调合作。如今，亚马逊有了销售处方的新努力，并计划在50个州推出虚拟护理。</blockquote></p><p> Under Mr. Cook’s leadership, Apple has increased its research-and-development budget eightfold to $20 billion annually, according to its public filings. And besides a smartwatch, the company has released wireless headphones as well as new services. It has also invested heavily in health, autonomous driving and augmented reality, all technically complex, high-stakes areas, meaning that game-changing offerings could be years away or never come.</p><p><blockquote>根据公开文件，在库克先生的领导下，苹果的研发预算增加了八倍，达到每年 200 亿美元。除了智能手表，该公司还发布了无线耳机和新服务。它还在健康、自动驾驶和增强现实领域进行了大量投资，这些都是技术复杂、高风险的领域，这意味着改变游戏规则的产品可能需要数年时间，也可能永远不会出现。</blockquote></p><p> Apple can study markets for years before coming up with its own offering, and it sometimes works extensively on new projects or technologies that it ultimately doesn’t bring to market.</p><p><blockquote>苹果在推出自己的产品之前，可以对市场进行数年的研究，有时还会对新项目或技术进行广泛的研究，但最终并没有推向市场。</blockquote></p><p> One of its most ambitious healthcare ideas was a plan to offer primary-care medicine, conceived in 2016, according to documents and the people familiar with the plan. An Apple team spent months trying to figure out how the flood of health and wellness data collected from users of its smartwatch, first released in 2015, might be used to improve healthcare, the people said.</p><p><blockquote>据文件和熟悉该计划的人士透露，其最雄心勃勃的医疗保健想法之一是提供初级保健药物的计划，该计划于 2016 年构思。知情人士说，苹果的一个团队花了几个月的时间试图弄清楚如何利用2015年首次发布的智能手表用户收集的大量健康和保健数据来改善医疗保健。</blockquote></p><p> Apple Chief Operating Officer Jeff Williams, who oversees the health team, urged employees to think big. He said Apple should disrupt what he called the “363” and “break fix” model of care in the U.S., where patients may not see their doctors 363 days a year and only visit when something goes wrong, according to people familiar with his ideas.</p><p><blockquote>负责监管健康团队的苹果首席运营官 Jeff Williams 敦促员工要有远见卓识。据熟悉他想法的人士透露，苹果应该打破他所谓的美国 “363 ”和 “中断修复 ”医疗模式，在美国，病人一年可能有 363 天看不到医生，只有在出现问题时才会去看医生。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/837161c8fc0a7b93c5c67936fe293453\" tg-width=\"1260\" tg-height=\"840\"><span>Apple Chief Operating Officer Jeff Williams oversees its health unit.</span></p><p><blockquote><p class=\"t-img-caption\"><span>苹果首席运营官 Jeff Williams 负责监管其健康部门。</span></p></blockquote></p><p> The team decided one of the best ways to realize that vision was to provide a medical service of its own, said people familiar with the plan, linking data generated by Apple devices with virtual and in-person care provided by Apple doctors. Apple would offer primary care, but also continuous health monitoring as part of a subscription-based personalized health program, according to these people and the documents.</p><p><blockquote>熟悉该计划的人士表示，该团队决定实现 vision 的最佳方式之一是提供自己的医疗服务，将苹果设备生成的数据与苹果医生提供的虚拟和面对面护理联系起来。根据这些人和文件，苹果将提供初级保健，但也将提供持续的健康监测，作为基于订阅的个性化健康计划的一部分。</blockquote></p><p></p><p> If Apple could prove that its combination of device sensors, software and services could improve people’s health and lower costs, the company could franchise the model to health systems and even other countries, according to the documents.</p><p><blockquote>文件显示，如果苹果能够证明其设备传感器、软件和服务的结合可以改善人们的健康状况并降低成本，该公司就可以将这种模式特许经营给医疗系统甚至其他国家。</blockquote></p><p> To start, Apple chose to test the service out on its own employees. Apple took over employee health clinics near its headquarters that were being run by a startup and turned them into test beds for new health services, say people familiar with the changes. In 2017 it hired Dr. Sumbul Desai from Stanford University to run the effort, which was given the code name Casper, said the people familiar with the plan.</p><p><blockquote>首先，苹果选择在自己的员工身上测试这项服务。知情人士称，苹果接管了总部附近由一家初创公司运营的员工健康诊所，并将其变成新医疗服务的试验台。知情人士称，2017 年，该公司聘请了斯坦福大学的 Sumbul Desai 博士来负责管理这项工作，代号为 Casper。</blockquote></p><p> The effort continues today, but Apple has struggled to move Casper past a preliminary stage, say people familiar with its operations.</p><p><blockquote>据知情人士透露，这项工作至今仍在继续，但苹果一直在努力让 Casper 度过初步阶段。</blockquote></p><p> Dr. Desai’s unit in particular has seen multiple departures by employees who say its culture discourages critical feedback, which is potentially problematic for a unit focused on products and services related to personal health, according to people familiar with its culture and the documents. Some employees expressed concerns that internal data about the clinics’ performance, data that was recently used to support the rollout of a new digital health app, has been inaccurate or compiled haphazardly, according to the documents and people familiar with the data.</p><p><blockquote>据熟悉德赛博士所在部门文化和文件的人士透露，德赛博士所在部门的员工多次离职，他们表示该部门的文化不鼓励批判性反馈，这对于一个专注于个人健康相关产品和服务的部门来说可能是个问题。据文件和熟悉数据的人士称，一些员工表示担心有关诊所业绩的内部数据（最近用于支持新数字健康应用程序推出的数据）不准确或随意编制。</blockquote></p><p> Those issues have been repeatedly voiced to Messrs. Cook and Williams, according to the documents and people familiar with the issues.</p><p><blockquote>据文件和知情人士透露，这些问题已被反复向库克先生和威廉姆斯先生提出。</blockquote></p><p> Apple’s spokesman said such criticisms are inaccurate.</p><p><blockquote>苹果发言人说，这种批评是不准确的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01a35a283d15f6de16455cae846a617b\" tg-width=\"1260\" tg-height=\"840\"><span>Dr. Sumbul Desai runs a team that oversees clinics, handles relations with regulators and spearheads research collaborations.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Sumbul Desai博士管理着一个团队，负责监督诊所，处理与监管机构的关系，并领导研究合作。</span></p></blockquote></p><p> Employees concerned about the culture pointed to a 2019 meeting during which a midlevel manager raised questions about data, according to people familiar with the meeting and the documents. Dr. Desai responded angrily, leading some present to conclude that critical questions were unwelcome, according to the people and the documents. The manager left Apple weeks later and the episode contributed to her departure, documents show.</p><p><blockquote>据熟悉会议和文件的人士透露，关注这种文化的员工指出，2019 年的一次会议，会上一名中层经理提出了有关数据的问题。根据人物和文件，德赛博士愤怒地回应，导致一些在场的人得出结论，关键问题是不受欢迎的。文件显示，这位经理几周后离开了苹果，这一事件导致了她的离开。</blockquote></p><p> Apple’s spokesman said Dr. Desai spoke to the importance of data integrity in the meeting. “This matter was investigated thoroughly and the allegations could not be substantiated,” the spokesman said. Apple declined to comment on the circumstances of the employee’s departure.</p><p><blockquote>苹果发言人说，德赛博士在会上谈到了数据完整性的重要性。“发言人说：”此事已经过彻底调查，指控无法得到证实。苹果拒绝就该员工离职的具体情况发表评论。</blockquote></p><p> The spokesman said the company is proud of Dr. Desai’s work and that she has been instrumental in much of its healthcare work.</p><p><blockquote>发言人说，公司为德赛博士的工作感到自豪，她在公司的大部分医疗保健工作中都发挥了重要作用。</blockquote></p><p> Mr. Williams and Dr. Desai didn’t respond to a request for comment and Apple declined to make them available.</p><p><blockquote>Williams 先生和 Desai 博士没有回应置评请求，苹果也拒绝联系他们。</blockquote></p><p> In addition to overseeing the clinics, known as AC Wellness, Dr. Desai’s team handles relations with regulators, spearheads research collaborations and provides clinical expertise on other health products at Apple.</p><p><blockquote>除了监管名为 AC Wellness 的诊所外，德赛博士的团队还负责处理与监管机构的关系，牵头开展研究合作，并为苹果的其他健康产品提供临床专业知识。</blockquote></p><p> A recent initiative for Dr. Desai’s team, a digital health app called HealthHabit that is being tested on California-based Apple employees, has struggled with low engagement since the app’s launch roughly six months ago, according to documents and people familiar with the app.</p><p><blockquote>据文件和熟悉该应用程序的人士称，德赛博士团队最近推出的一款名为 HealthHabit 的数字健康应用程序正在加州苹果的员工身上进行测试，但自大约六个月前推出该应用程序以来，该应用程序的参与度一直很低。</blockquote></p><p> HealthHabit&nbsp;offers to connect people with clinicians via chat and encourages them to set health challenges such as “I will exercise more this week.” Those with a history of hypertension can be connected to health coaches who can send them a blood-pressure monitor and scale and advise them on healthier habits.</p><p><blockquote>HealthHabit 通过聊天将人们与临床医生联系起来，并鼓励他们设定健康挑战，如 “这周我要多锻炼 ”。那些有高血压病史的人可以联系到健康教练，健康教练可以给他们发送血压计和血压秤，并建议他们养成更健康的习惯。</blockquote></p><p> Half the people who had downloaded it as of May hadn’t enrolled and engagement among many who have enrolled has been low, according to the documents and people familiar with the app.</p><p><blockquote>据文件和熟悉该应用的人士称，截至 5 月份，下载该应用的用户中有一半没有注册，许多注册用户的参与度也很低。</blockquote></p><p> Data supporting the app’s hypertension program has caused new concerns among employees about the integrity of internal data and analysis, some of the people said.</p><p><blockquote>一些人说，支持该应用程序高血压计划的数据引起了员工对内部数据和分析完整性的新担忧。</blockquote></p><p> During a presentation for all Apple health employees in March, Mr. Williams praised the clinics’ results in treating hypertension and pointed to them as evidence supporting the HealthHabit app’s potential, according to people who saw the presentation. He suggested that the company may have wider ambitions for the app if it is successful, they said.</p><p><blockquote>据观看演讲的人说，在 3 月份为所有苹果健康公司员工做的演讲中，Williams 先生赞扬了诊所在治疗高血压方面取得的成果，并指出这些成果是支持 HealthHabit 应用程序潜力的证据。他们说，他表示，如果该应用程序成功，该公司可能会对该应用程序有更广泛的野心。</blockquote></p><p> In the meeting, Mr. Williams showed data indicating that 91% of patients in Apple’s clinics with more severe stage-two hypertension improved to healthier stages or normal, according to documents reviewed by the Journal, a figure that some employees feared could overstate the clinics’ success, according to people who attended the meeting and documents.</p><p><blockquote>在会议上，威廉姆斯先生展示的数据显示，根据《华尔街日报》查阅的文件，苹果诊所中 91% 患有更严重二期高血压的患者病情好转到更健康的阶段或恢复正常。</blockquote></p><p></p><p> Rival companies offering hypertension apps have disclosed lower rates of success. Hello Heart Inc. reported 23% of stage 2 patients saw a significant improvement in blood pressure at 6 weeks. Livongo claimed one-third of patients with stage one hypertension or worse improved to an elevated or normal range in 6 weeks. Mr. Williams’s data didn’t include a time frame, according to the documents.</p><p><blockquote>提供高血压应用程序的竞争对手公司披露的成功率较低。Hello Heart Inc.报告称，23%的2期患者在6周时血压显著改善。Livongo声称，三分之一的一期高血压或更严重的患者在6周内改善到升高或正常范围。文件显示，威廉姆斯先生的数据不包括时间范围。</blockquote></p><p> The Apple spokesman said that other companies analyze their hypertension data differently and that the data cited by Mr. Williams in the meeting was for an internal pilot, not a product.</p><p><blockquote>苹果发言人表示，其他公司对其高血压数据的分析方式不同，Williams先生在会上引用的数据是针对内部试点，而不是产品。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Struggles in Push to Make Healthcare Its Greatest Legacy<blockquote>苹果努力使医疗保健成为其最伟大的遗产</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Struggles in Push to Make Healthcare Its Greatest Legacy<blockquote>苹果努力使医疗保健成为其最伟大的遗产</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-06-17 14:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tech giant has envisioned hiring doctors to offer primary care, now focused on Watch</p><p><blockquote>科技巨头曾设想聘请医生提供初级保健，现在专注于观察</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cdcc89ff3fd1e1d8ec3f02f3aaf52457\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"><span>Under the leadership of CEO Tim Cook, Apple has increased its research-and-development budget eightfold to $20 billion annually.</span></p><p><blockquote><p class=\"t-img-caption\"><span>在首席执行官蒂姆·库克的领导下，苹果的研发预算增加了八倍，达到每年200亿美元。</span></p></blockquote></p><p> Apple&nbsp;Inc.&nbsp;Chief Executive Tim Cook has said the company’s greatest contribution to mankind will be in health. So far, some Apple initiatives aimed at broadly disrupting the healthcare sector have struggled to gain traction, according to people familiar with them and documents reviewed by The Wall Street Journal.</p><p><blockquote>苹果公司首席执行官蒂姆-库克（Tim Cook）表示，公司对人类最大的贡献将是健康。据知情人士和《华尔街日报》查阅的文件称，到目前为止，一些旨在广泛颠覆医疗保健行业的苹果举措一直难以获得关注。</blockquote></p><p> Apple has envisioned an audacious plan for healthcare, offering its own primary-care medical service with Apple-employed doctors at its own clinics, according to people familiar with the plan and documents. To test that and other bold healthcare ideas, it took over clinics that catered to its employees and built a team with scores of clinicians, engineers, product designers and others.</p><p><blockquote>据熟悉该计划和文件的人士透露，苹果已经设想了一项大胆的医疗保健计划，在自己的诊所提供自己的初级保健医疗服务，由苹果雇佣的医生提供。为了测试这一点和其他大胆的医疗保健想法，它接管了迎合员工的诊所，并建立了一个由数十名临床医生、工程师、产品设计师和其他人组成的团队。</blockquote></p><p> Today those ambitions, which aren’t widely known, have largely stalled as Apple has shifted the focus of its health unit to something it knows well: Selling devices, specifically the Apple Watch, according to people familiar with its strategy.</p><p><blockquote>如今，这些并不广为人知的雄心壮志在很大程度上已经停滞不前，因为苹果已将其健康部门的重点转移到了它熟悉的领域：据熟悉其战略的人士透露，销售设备，特别是苹果手表。</blockquote></p><p> The new primary-care service hasn’t gotten off the ground, people familiar with it say. A digital health app launched quietly this year has struggled to keep users engaged, say people familiar with the app and the documents seen by the Journal. Some employees have raised questions internally about the integrity of health data coming from the company’s clinics that has been used to support product development, according to people familiar with their concerns and the documents.</p><p><blockquote>熟悉情况的人士说，新的初级保健服务尚未启动。熟悉该应用程序和《华尔街日报》看到的文件的人士表示，今年悄然推出的一款数字健康应用程序一直难以吸引用户参与。据熟悉员工和文件的人士透露，一些员工在内部对公司诊所用于支持产品开发的健康数据的完整性提出了质疑。</blockquote></p><p> An Apple spokesman said data integrity is the foundation for all of the company’s innovations. He pointed to the accomplishments of its health team and said the company is still in the early innings of its work in healthcare, adding that new technology such as&nbsp;heart-rate notifications&nbsp;in products like the Apple Watch have improved users’ health. He said data gathered by Apple’s devices is enabling new research that has the potential to improve care.</p><p><blockquote>苹果发言人表示，数据完整性是公司所有创新的基础。他指出了公司健康团队取得的成就，并表示公司在医疗保健领域的工作仍处于早期阶段，并补充说，苹果手表等产品中的心率通知等新技术已经改善了用户的健康状况。他说，苹果设备收集的数据正在推动新的研究，有可能改善护理。</blockquote></p><p> “Many of the assertions in this report are based on incomplete, outdated and inaccurate information,” the spokesman said.</p><p><blockquote>“发言人说：”本报告中的许多说法都是基于不完整、过时和不准确的信息。</blockquote></p><p> Looking for new markets where technology can improve efficiency and outcomes—and power sales growth—the tech sector has eyed healthcare as an untapped opportunity. Some of tech’s biggest efforts have failed, includingHaven,Amazon.com&nbsp;Inc.’s&nbsp;high-profile partnership with other companies that aimed to reduce healthcare costs. Today, Amazon has a new effort to sell prescriptions and a plan to launch&nbsp;virtual care across 50 states.</p><p><blockquote>寻找技术可以提高效率和成果并推动销售增长的新市场，科技行业将医疗保健视为一个尚未开发的机会。科技公司的一些最大努力都失败了，包括亚马逊公司（Amazon.com Inc.）与其他旨在降低医疗成本的公司高调合作。如今，亚马逊有了销售处方的新努力，并计划在50个州推出虚拟护理。</blockquote></p><p> Under Mr. Cook’s leadership, Apple has increased its research-and-development budget eightfold to $20 billion annually, according to its public filings. And besides a smartwatch, the company has released wireless headphones as well as new services. It has also invested heavily in health, autonomous driving and augmented reality, all technically complex, high-stakes areas, meaning that game-changing offerings could be years away or never come.</p><p><blockquote>根据公开文件，在库克先生的领导下，苹果的研发预算增加了八倍，达到每年 200 亿美元。除了智能手表，该公司还发布了无线耳机和新服务。它还在健康、自动驾驶和增强现实领域进行了大量投资，这些都是技术复杂、高风险的领域，这意味着改变游戏规则的产品可能需要数年时间，也可能永远不会出现。</blockquote></p><p> Apple can study markets for years before coming up with its own offering, and it sometimes works extensively on new projects or technologies that it ultimately doesn’t bring to market.</p><p><blockquote>苹果在推出自己的产品之前，可以对市场进行数年的研究，有时还会对新项目或技术进行广泛的研究，但最终并没有推向市场。</blockquote></p><p> One of its most ambitious healthcare ideas was a plan to offer primary-care medicine, conceived in 2016, according to documents and the people familiar with the plan. An Apple team spent months trying to figure out how the flood of health and wellness data collected from users of its smartwatch, first released in 2015, might be used to improve healthcare, the people said.</p><p><blockquote>据文件和熟悉该计划的人士透露，其最雄心勃勃的医疗保健想法之一是提供初级保健药物的计划，该计划于 2016 年构思。知情人士说，苹果的一个团队花了几个月的时间试图弄清楚如何利用2015年首次发布的智能手表用户收集的大量健康和保健数据来改善医疗保健。</blockquote></p><p> Apple Chief Operating Officer Jeff Williams, who oversees the health team, urged employees to think big. He said Apple should disrupt what he called the “363” and “break fix” model of care in the U.S., where patients may not see their doctors 363 days a year and only visit when something goes wrong, according to people familiar with his ideas.</p><p><blockquote>负责监管健康团队的苹果首席运营官 Jeff Williams 敦促员工要有远见卓识。据熟悉他想法的人士透露，苹果应该打破他所谓的美国 “363 ”和 “中断修复 ”医疗模式，在美国，病人一年可能有 363 天看不到医生，只有在出现问题时才会去看医生。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/837161c8fc0a7b93c5c67936fe293453\" tg-width=\"1260\" tg-height=\"840\"><span>Apple Chief Operating Officer Jeff Williams oversees its health unit.</span></p><p><blockquote><p class=\"t-img-caption\"><span>苹果首席运营官 Jeff Williams 负责监管其健康部门。</span></p></blockquote></p><p> The team decided one of the best ways to realize that vision was to provide a medical service of its own, said people familiar with the plan, linking data generated by Apple devices with virtual and in-person care provided by Apple doctors. Apple would offer primary care, but also continuous health monitoring as part of a subscription-based personalized health program, according to these people and the documents.</p><p><blockquote>熟悉该计划的人士表示，该团队决定实现 vision 的最佳方式之一是提供自己的医疗服务，将苹果设备生成的数据与苹果医生提供的虚拟和面对面护理联系起来。根据这些人和文件，苹果将提供初级保健，但也将提供持续的健康监测，作为基于订阅的个性化健康计划的一部分。</blockquote></p><p></p><p> If Apple could prove that its combination of device sensors, software and services could improve people’s health and lower costs, the company could franchise the model to health systems and even other countries, according to the documents.</p><p><blockquote>文件显示，如果苹果能够证明其设备传感器、软件和服务的结合可以改善人们的健康状况并降低成本，该公司就可以将这种模式特许经营给医疗系统甚至其他国家。</blockquote></p><p> To start, Apple chose to test the service out on its own employees. Apple took over employee health clinics near its headquarters that were being run by a startup and turned them into test beds for new health services, say people familiar with the changes. In 2017 it hired Dr. Sumbul Desai from Stanford University to run the effort, which was given the code name Casper, said the people familiar with the plan.</p><p><blockquote>首先，苹果选择在自己的员工身上测试这项服务。知情人士称，苹果接管了总部附近由一家初创公司运营的员工健康诊所，并将其变成新医疗服务的试验台。知情人士称，2017 年，该公司聘请了斯坦福大学的 Sumbul Desai 博士来负责管理这项工作，代号为 Casper。</blockquote></p><p> The effort continues today, but Apple has struggled to move Casper past a preliminary stage, say people familiar with its operations.</p><p><blockquote>据知情人士透露，这项工作至今仍在继续，但苹果一直在努力让 Casper 度过初步阶段。</blockquote></p><p> Dr. Desai’s unit in particular has seen multiple departures by employees who say its culture discourages critical feedback, which is potentially problematic for a unit focused on products and services related to personal health, according to people familiar with its culture and the documents. Some employees expressed concerns that internal data about the clinics’ performance, data that was recently used to support the rollout of a new digital health app, has been inaccurate or compiled haphazardly, according to the documents and people familiar with the data.</p><p><blockquote>据熟悉德赛博士所在部门文化和文件的人士透露，德赛博士所在部门的员工多次离职，他们表示该部门的文化不鼓励批判性反馈，这对于一个专注于个人健康相关产品和服务的部门来说可能是个问题。据文件和熟悉数据的人士称，一些员工表示担心有关诊所业绩的内部数据（最近用于支持新数字健康应用程序推出的数据）不准确或随意编制。</blockquote></p><p> Those issues have been repeatedly voiced to Messrs. Cook and Williams, according to the documents and people familiar with the issues.</p><p><blockquote>据文件和知情人士透露，这些问题已被反复向库克先生和威廉姆斯先生提出。</blockquote></p><p> Apple’s spokesman said such criticisms are inaccurate.</p><p><blockquote>苹果发言人说，这种批评是不准确的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01a35a283d15f6de16455cae846a617b\" tg-width=\"1260\" tg-height=\"840\"><span>Dr. Sumbul Desai runs a team that oversees clinics, handles relations with regulators and spearheads research collaborations.</span></p><p><blockquote><p class=\"t-img-caption\"><span>Sumbul Desai博士管理着一个团队，负责监督诊所，处理与监管机构的关系，并领导研究合作。</span></p></blockquote></p><p> Employees concerned about the culture pointed to a 2019 meeting during which a midlevel manager raised questions about data, according to people familiar with the meeting and the documents. Dr. Desai responded angrily, leading some present to conclude that critical questions were unwelcome, according to the people and the documents. The manager left Apple weeks later and the episode contributed to her departure, documents show.</p><p><blockquote>据熟悉会议和文件的人士透露，关注这种文化的员工指出，2019 年的一次会议，会上一名中层经理提出了有关数据的问题。根据人物和文件，德赛博士愤怒地回应，导致一些在场的人得出结论，关键问题是不受欢迎的。文件显示，这位经理几周后离开了苹果，这一事件导致了她的离开。</blockquote></p><p> Apple’s spokesman said Dr. Desai spoke to the importance of data integrity in the meeting. “This matter was investigated thoroughly and the allegations could not be substantiated,” the spokesman said. Apple declined to comment on the circumstances of the employee’s departure.</p><p><blockquote>苹果发言人说，德赛博士在会上谈到了数据完整性的重要性。“发言人说：”此事已经过彻底调查，指控无法得到证实。苹果拒绝就该员工离职的具体情况发表评论。</blockquote></p><p> The spokesman said the company is proud of Dr. Desai’s work and that she has been instrumental in much of its healthcare work.</p><p><blockquote>发言人说，公司为德赛博士的工作感到自豪，她在公司的大部分医疗保健工作中都发挥了重要作用。</blockquote></p><p> Mr. Williams and Dr. Desai didn’t respond to a request for comment and Apple declined to make them available.</p><p><blockquote>Williams 先生和 Desai 博士没有回应置评请求，苹果也拒绝联系他们。</blockquote></p><p> In addition to overseeing the clinics, known as AC Wellness, Dr. Desai’s team handles relations with regulators, spearheads research collaborations and provides clinical expertise on other health products at Apple.</p><p><blockquote>除了监管名为 AC Wellness 的诊所外，德赛博士的团队还负责处理与监管机构的关系，牵头开展研究合作，并为苹果的其他健康产品提供临床专业知识。</blockquote></p><p> A recent initiative for Dr. Desai’s team, a digital health app called HealthHabit that is being tested on California-based Apple employees, has struggled with low engagement since the app’s launch roughly six months ago, according to documents and people familiar with the app.</p><p><blockquote>据文件和熟悉该应用程序的人士称，德赛博士团队最近推出的一款名为 HealthHabit 的数字健康应用程序正在加州苹果的员工身上进行测试，但自大约六个月前推出该应用程序以来，该应用程序的参与度一直很低。</blockquote></p><p> HealthHabit&nbsp;offers to connect people with clinicians via chat and encourages them to set health challenges such as “I will exercise more this week.” Those with a history of hypertension can be connected to health coaches who can send them a blood-pressure monitor and scale and advise them on healthier habits.</p><p><blockquote>HealthHabit 通过聊天将人们与临床医生联系起来，并鼓励他们设定健康挑战，如 “这周我要多锻炼 ”。那些有高血压病史的人可以联系到健康教练，健康教练可以给他们发送血压计和血压秤，并建议他们养成更健康的习惯。</blockquote></p><p> Half the people who had downloaded it as of May hadn’t enrolled and engagement among many who have enrolled has been low, according to the documents and people familiar with the app.</p><p><blockquote>据文件和熟悉该应用的人士称，截至 5 月份，下载该应用的用户中有一半没有注册，许多注册用户的参与度也很低。</blockquote></p><p> Data supporting the app’s hypertension program has caused new concerns among employees about the integrity of internal data and analysis, some of the people said.</p><p><blockquote>一些人说，支持该应用程序高血压计划的数据引起了员工对内部数据和分析完整性的新担忧。</blockquote></p><p> During a presentation for all Apple health employees in March, Mr. Williams praised the clinics’ results in treating hypertension and pointed to them as evidence supporting the HealthHabit app’s potential, according to people who saw the presentation. He suggested that the company may have wider ambitions for the app if it is successful, they said.</p><p><blockquote>据观看演讲的人说，在 3 月份为所有苹果健康公司员工做的演讲中，Williams 先生赞扬了诊所在治疗高血压方面取得的成果，并指出这些成果是支持 HealthHabit 应用程序潜力的证据。他们说，他表示，如果该应用程序成功，该公司可能会对该应用程序有更广泛的野心。</blockquote></p><p> In the meeting, Mr. Williams showed data indicating that 91% of patients in Apple’s clinics with more severe stage-two hypertension improved to healthier stages or normal, according to documents reviewed by the Journal, a figure that some employees feared could overstate the clinics’ success, according to people who attended the meeting and documents.</p><p><blockquote>在会议上，威廉姆斯先生展示的数据显示，根据《华尔街日报》查阅的文件，苹果诊所中 91% 患有更严重二期高血压的患者病情好转到更健康的阶段或恢复正常。</blockquote></p><p></p><p> Rival companies offering hypertension apps have disclosed lower rates of success. Hello Heart Inc. reported 23% of stage 2 patients saw a significant improvement in blood pressure at 6 weeks. Livongo claimed one-third of patients with stage one hypertension or worse improved to an elevated or normal range in 6 weeks. Mr. Williams’s data didn’t include a time frame, according to the documents.</p><p><blockquote>提供高血压应用程序的竞争对手公司披露的成功率较低。Hello Heart Inc.报告称，23%的2期患者在6周时血压显著改善。Livongo声称，三分之一的一期高血压或更严重的患者在6周内改善到升高或正常范围。文件显示，威廉姆斯先生的数据不包括时间范围。</blockquote></p><p> The Apple spokesman said that other companies analyze their hypertension data differently and that the data cited by Mr. Williams in the meeting was for an internal pilot, not a product.</p><p><blockquote>苹果发言人表示，其他公司对其高血压数据的分析方式不同，Williams先生在会上引用的数据是针对内部试点，而不是产品。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/apple-struggles-in-push-to-make-healthcare-greatest-legacy-11623832200?mod=hp_lead_pos3\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.wsj.com/articles/apple-struggles-in-push-to-make-healthcare-greatest-legacy-11623832200?mod=hp_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139981231","content_text":"Tech giant has envisioned hiring doctors to offer primary care, now focused on Watch\nUnder the leadership of CEO Tim Cook, Apple has increased its research-and-development budget eightfold to $20 billion annually.\nApple Inc. Chief Executive Tim Cook has said the company’s greatest contribution to mankind will be in health. So far, some Apple initiatives aimed at broadly disrupting the healthcare sector have struggled to gain traction, according to people familiar with them and documents reviewed by The Wall Street Journal.\nApple has envisioned an audacious plan for healthcare, offering its own primary-care medical service with Apple-employed doctors at its own clinics, according to people familiar with the plan and documents. To test that and other bold healthcare ideas, it took over clinics that catered to its employees and built a team with scores of clinicians, engineers, product designers and others.\nToday those ambitions, which aren’t widely known, have largely stalled as Apple has shifted the focus of its health unit to something it knows well: Selling devices, specifically the Apple Watch, according to people familiar with its strategy.\nThe new primary-care service hasn’t gotten off the ground, people familiar with it say. A digital health app launched quietly this year has struggled to keep users engaged, say people familiar with the app and the documents seen by the Journal. Some employees have raised questions internally about the integrity of health data coming from the company’s clinics that has been used to support product development, according to people familiar with their concerns and the documents.\nAn Apple spokesman said data integrity is the foundation for all of the company’s innovations. He pointed to the accomplishments of its health team and said the company is still in the early innings of its work in healthcare, adding that new technology such as heart-rate notifications in products like the Apple Watch have improved users’ health. He said data gathered by Apple’s devices is enabling new research that has the potential to improve care.\n“Many of the assertions in this report are based on incomplete, outdated and inaccurate information,” the spokesman said.\nLooking for new markets where technology can improve efficiency and outcomes—and power sales growth—the tech sector has eyed healthcare as an untapped opportunity. Some of tech’s biggest efforts have failed, includingHaven,Amazon.com Inc.’s high-profile partnership with other companies that aimed to reduce healthcare costs. Today, Amazon has a new effort to sell prescriptions and a plan to launch virtual care across 50 states.\nUnder Mr. Cook’s leadership, Apple has increased its research-and-development budget eightfold to $20 billion annually, according to its public filings. And besides a smartwatch, the company has released wireless headphones as well as new services. It has also invested heavily in health, autonomous driving and augmented reality, all technically complex, high-stakes areas, meaning that game-changing offerings could be years away or never come.\nApple can study markets for years before coming up with its own offering, and it sometimes works extensively on new projects or technologies that it ultimately doesn’t bring to market.\nOne of its most ambitious healthcare ideas was a plan to offer primary-care medicine, conceived in 2016, according to documents and the people familiar with the plan. An Apple team spent months trying to figure out how the flood of health and wellness data collected from users of its smartwatch, first released in 2015, might be used to improve healthcare, the people said.\nApple Chief Operating Officer Jeff Williams, who oversees the health team, urged employees to think big. He said Apple should disrupt what he called the “363” and “break fix” model of care in the U.S., where patients may not see their doctors 363 days a year and only visit when something goes wrong, according to people familiar with his ideas.\nApple Chief Operating Officer Jeff Williams oversees its health unit.\nThe team decided one of the best ways to realize that vision was to provide a medical service of its own, said people familiar with the plan, linking data generated by Apple devices with virtual and in-person care provided by Apple doctors. Apple would offer primary care, but also continuous health monitoring as part of a subscription-based personalized health program, according to these people and the documents.\nIf Apple could prove that its combination of device sensors, software and services could improve people’s health and lower costs, the company could franchise the model to health systems and even other countries, according to the documents.\nTo start, Apple chose to test the service out on its own employees. Apple took over employee health clinics near its headquarters that were being run by a startup and turned them into test beds for new health services, say people familiar with the changes. In 2017 it hired Dr. Sumbul Desai from Stanford University to run the effort, which was given the code name Casper, said the people familiar with the plan.\nThe effort continues today, but Apple has struggled to move Casper past a preliminary stage, say people familiar with its operations.\nDr. Desai’s unit in particular has seen multiple departures by employees who say its culture discourages critical feedback, which is potentially problematic for a unit focused on products and services related to personal health, according to people familiar with its culture and the documents. Some employees expressed concerns that internal data about the clinics’ performance, data that was recently used to support the rollout of a new digital health app, has been inaccurate or compiled haphazardly, according to the documents and people familiar with the data.\nThose issues have been repeatedly voiced to Messrs. Cook and Williams, according to the documents and people familiar with the issues.\nApple’s spokesman said such criticisms are inaccurate.\nDr. Sumbul Desai runs a team that oversees clinics, handles relations with regulators and spearheads research collaborations.\nEmployees concerned about the culture pointed to a 2019 meeting during which a midlevel manager raised questions about data, according to people familiar with the meeting and the documents. Dr. Desai responded angrily, leading some present to conclude that critical questions were unwelcome, according to the people and the documents. The manager left Apple weeks later and the episode contributed to her departure, documents show.\nApple’s spokesman said Dr. Desai spoke to the importance of data integrity in the meeting. “This matter was investigated thoroughly and the allegations could not be substantiated,” the spokesman said. Apple declined to comment on the circumstances of the employee’s departure.\nThe spokesman said the company is proud of Dr. Desai’s work and that she has been instrumental in much of its healthcare work.\nMr. Williams and Dr. Desai didn’t respond to a request for comment and Apple declined to make them available.\nIn addition to overseeing the clinics, known as AC Wellness, Dr. Desai’s team handles relations with regulators, spearheads research collaborations and provides clinical expertise on other health products at Apple.\nA recent initiative for Dr. Desai’s team, a digital health app called HealthHabit that is being tested on California-based Apple employees, has struggled with low engagement since the app’s launch roughly six months ago, according to documents and people familiar with the app.\nHealthHabit offers to connect people with clinicians via chat and encourages them to set health challenges such as “I will exercise more this week.” Those with a history of hypertension can be connected to health coaches who can send them a blood-pressure monitor and scale and advise them on healthier habits.\nHalf the people who had downloaded it as of May hadn’t enrolled and engagement among many who have enrolled has been low, according to the documents and people familiar with the app.\nData supporting the app’s hypertension program has caused new concerns among employees about the integrity of internal data and analysis, some of the people said.\nDuring a presentation for all Apple health employees in March, Mr. Williams praised the clinics’ results in treating hypertension and pointed to them as evidence supporting the HealthHabit app’s potential, according to people who saw the presentation. He suggested that the company may have wider ambitions for the app if it is successful, they said.\nIn the meeting, Mr. Williams showed data indicating that 91% of patients in Apple’s clinics with more severe stage-two hypertension improved to healthier stages or normal, according to documents reviewed by the Journal, a figure that some employees feared could overstate the clinics’ success, according to people who attended the meeting and documents.\nRival companies offering hypertension apps have disclosed lower rates of success. Hello Heart Inc. reported 23% of stage 2 patients saw a significant improvement in blood pressure at 6 weeks. Livongo claimed one-third of patients with stage one hypertension or worse improved to an elevated or normal range in 6 weeks. Mr. Williams’s data didn’t include a time frame, according to the documents.\nThe Apple spokesman said that other companies analyze their hypertension data differently and that the data cited by Mr. Williams in the meeting was for an internal pilot, not a product.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":917,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169313971,"gmtCreate":1623816736593,"gmtModify":1631893061081,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment please","listText":"Like &amp; comment please","text":"Like & comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169313971","repostId":"1180909583","repostType":4,"repost":{"id":"1180909583","kind":"news","pubTimestamp":1623812789,"share":"https://www.laohunote.com/m/news/1180909583?lang=zh_CN&edition=full","pubTime":"2021-06-16 11:06","market":"us","language":"en","title":"SPACs could stage a summer comeback<blockquote>SPAC 可能会在夏季卷土重来</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180909583","media":"CNN Business","summary":"London (CNN Business) - Special-purpose acquisition companies, or SPACs, were one of the stock marke","content":"<p><div> London (CNN Business) - Special-purpose acquisition companies, or SPACs, were one of the stock market's hottest trends in early 2021, drawing in billionaires, celebrities and athletes. Then, in early ...</p><p><blockquote><div>伦敦（CNN Business）——特殊目的收购公司（SPAC）是2021年初股市最热门的趋势之一，吸引了亿万富翁、名人和运动员。然后，在早期……</div></blockquote></p><p>  <a href=\"https://edition.cnn.com/2021/06/15/investing/premarket-stocks-trading/index.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://edition.cnn.com/2021/06/15/investing/premarket-stocks-trading/index.html\">网页连接</a></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SPACs could stage a summer comeback<blockquote>SPAC 可能会在夏季卷土重来</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSPACs could stage a summer comeback<blockquote>SPAC 可能会在夏季卷土重来</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN Business</strong><span class=\"h-time small\">2021-06-16 11:06</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> London (CNN Business) - Special-purpose acquisition companies, or SPACs, were one of the stock market's hottest trends in early 2021, drawing in billionaires, celebrities and athletes. Then, in early ...</p><p><blockquote><div>伦敦（CNN Business）——特殊目的收购公司（SPAC）是2021年初股市最热门的趋势之一，吸引了亿万富翁、名人和运动员。然后，在早期……</div></blockquote></p><p>  <a href=\"https://edition.cnn.com/2021/06/15/investing/premarket-stocks-trading/index.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://edition.cnn.com/2021/06/15/investing/premarket-stocks-trading/index.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/06/15/investing/premarket-stocks-trading/index.html\">CNN Business</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://edition.cnn.com/2021/06/15/investing/premarket-stocks-trading/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180909583","content_text":"London (CNN Business) - Special-purpose acquisition companies, or SPACs, were one of the stock market's hottest trends in early 2021, drawing in billionaires, celebrities and athletes.\nThen, in early spring, enthusiasm began to wane, as \"blank check\" firms — which raise money from investors and then go hunting for takeover targets — started to receive greater scrutiny from lawmakers and regulators in Washington.\n\"I have deep concerns about the lack of transparency and accountability that is a hallmark of the SPAC process,\" Rep. Maxine Waters, the chair of the House Financial Services Committee, said at a hearing last month.\nBut SPACs could be coming back into vogue. Nine new SPACs raised $1.4 billion last week, according to Bill Smith of Renaissance Capital, making it the busiest week since March.\nMore data: It's clear there's been a marked slowdown. So far this quarter, just 50 new SPACs have listed globally, raising $10.9 billion, according to Dealogic data provided to CNN Business. That's compared to 304 listings that raised $98.4 billion between January and March.\nActivity could pick back up, however, as investors continue to hunt for creative places to park their money. According to a Bank of America survey published Tuesday, 18% of global fund managers say they are taking higher-than-normal risks, up 4 percentage points compared to the previous month.\nWatch this space: While there is still skepticism among some startups that merging with a SPAC is the best way to go public, there are firms willing to take this route instead of pursuing a traditional initial public offering.\nOn Monday, online grocery shop Boxed announced it was going public in an $887 million deal with a SPAC called Seven Oaks Acquisition Corp.\nAnd last week, Vertical Aerospace, a UK electric aircraft manufacturer, said it wouldgo publicby merging with the New York SPAC Broadstone Acquisition Corp., while the banking app Dave said it would merge with a SPAC sponsored by the investment firm Victory Park Capital.\nHedge fund billionaire Bill Ackman's SPAC is also said to be nearing a complex deal with Universal Music Group that would value the business at $40 billion.\nThe success of these arrangements may dictate whether other SPACs searching for companies to take public can do so with ease.So far this quarter, there have been 63 SPAC merger announcements globally, with deal value topping $140.6 billion, according to Dealogic. That's down from 100 SPAC deals worth $227 billion in the first three months of the year.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":607,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184541501,"gmtCreate":1623719885903,"gmtModify":1631893061084,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like and comment back please, thank you&nbsp;","listText":"Like and comment back please, thank you&nbsp;","text":"Like and comment back please, thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/184541501","repostId":"2143733744","repostType":4,"isVote":1,"tweetType":1,"viewCount":963,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185275189,"gmtCreate":1623657693041,"gmtModify":1631893061086,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment back please. Thank you&nbsp;","listText":"Like &amp; comment back please. Thank you&nbsp;","text":"Like & comment back please. Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/185275189","repostId":"1146430910","repostType":4,"isVote":1,"tweetType":1,"viewCount":904,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185626457,"gmtCreate":1623647068379,"gmtModify":1631893061089,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment","listText":"Like &amp; comment","text":"Like & comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185626457","repostId":"1163127718","repostType":4,"repost":{"id":"1163127718","kind":"news","pubTimestamp":1623640604,"share":"https://www.laohunote.com/m/news/1163127718?lang=zh_CN&edition=full","pubTime":"2021-06-14 11:16","market":"us","language":"en","title":"AMD’s stock has been left behind, but not for long — here’s why<blockquote>AMD 的股票已经落后，但不会持续太久--原因如下</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163127718","media":"MarketWatch","summary":"Advanced Micro Devices has a slew of new cutting-edge products, not to mention a key acquisition, to","content":"<p>Advanced Micro Devices has a slew of new cutting-edge products, not to mention a key acquisition, to accelerate growth.</p><p><blockquote>Advanced Micro Devices 拥有一系列新的尖端产品，更不用说一项关键收购，以加速增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b46f527aa40d36fd2c1a5697760ca79d\" tg-width=\"1260\" tg-height=\"840\"><span>(GETTY IMAGES)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（盖蒂图片社）</span></p></blockquote></p><p> Technology as a sector still looks like a buy after a recent rebound, but&nbsp;one chip stock stands out in particular.</p><p><blockquote>在最近的反弹之后，科技股作为一个板块看起来仍然值得买入，但有一只芯片股尤为突出。</blockquote></p><p> While the iShares PHLX Semiconductor ETF&nbsp;and Nvidia Corp.NVDAhave recovered from their May swoons, Advanced Micro Devices Inc.&nbsp;hasn’t yet fully rebounded. This makes the stock look like one to own, even though it is up 517% since I last suggested itin February 2017, compared with gains of 80% for the S&amp;P 500&nbsp;and 140% for Nasdaq Composite Index.</p><p><blockquote>虽然 iShares PHLX 半导体 ETF 和 Nvidia Corp.NVDA 已经从 5 月份的低迷中恢复过来，但 Advanced Micro Devices Inc. 尚未完全反弹。这使得该股看起来像是一只值得拥有的股票，尽管自我上次在 2017 年 2 月提出建议以来，它已经上涨了 517%，而标普500指数上涨了 80%，纳斯达克综合指数上涨了 140%。</blockquote></p><p> Let’s take a look at why, and how AMD stacks up against competitors.</p><p><blockquote>让我们来看看为什么，以及 AMD 如何与竞争对手相比。</blockquote></p><p> <b>Key dynamics</b></p><p><blockquote><b>关键动态</b></blockquote></p><p> Advanced Micro Devices designs central processing units (CPUs) and graphics processing units (GPUs) used in data center servers, PCs and videogame consoles. That makes it a play on two of the biggest trends in tech right now — migration to the cloud and videogame hardware. Historically, the company lagged Intel Corp..But it has now surpassed its rival because of innovative chip designs and manufacturing issues at Intel.</p><p><blockquote>Advanced Micro Devices 设计用于数据中心服务器、PC 和视频游戏机的中央处理单元 (CPU) 和图形处理单元 (GPU)。这使得它迎合了目前技术的两个最大趋势——向云迁移和视频游戏硬件。从历史上看，该公司落后于英特尔公司..但由于英特尔的创新芯片设计和制造问题，它现在已经超过了竞争对手。</blockquote></p><p> Over the past few years, AMD has rolled out highly competitive lines of chips, thanks to the leadership of CEO Lisa Su, who took the helm in 2014, says tech analyst Peter Karazeris at Thrivent. This put AMD back in the game. AMD’s EPYC series of processors for servers has been endorsed by broad usage among the main cloud providers — including Amazon Inc.,Alphabet Inc.,Microsoft Corp.,Oracle Corp.&nbsp;and Tencent Holdings Ltd.AMD’s Radeon GPUs for gaming hardware and its Ryzen line of chips used in PCs and laptops are equally successful.</p><p><blockquote>Thrivent 科技分析师 Peter Karazeris 表示，在过去几年中，AMD 推出了极具竞争力的芯片系列，这要归功于 2014 年上任的首席执行官 Lisa Su 的领导。这让AMD重新回到了游戏中。AMD 用于服务器的 EPYC 系列处理器已被主要云提供商广泛使用，包括亚马逊公司、Alphabet 公司、微软公司、甲骨文公司和腾讯控股控股有限公司。</blockquote></p><p> Besides better chip design, AMD has pulled ahead by drawing on advanced manufacturing capabilities of Taiwan Semiconductor&nbsp;Manufacturing Co. Ltd.,which can pack more punch in chips through the use of smaller, 7 nanometer transistors. Intel is stuck back at 10 nanometers.</p><p><blockquote>除了更好的芯片设计，AMD还通过利用台积电有限公司的先进制造能力取得了领先，该公司可以通过使用更小的7纳米晶体管在芯片中注入更多的冲击力。英特尔停留在10纳米。</blockquote></p><p> Here’s the upshot in all of this: AMD is a solid play on the megatrend of cloud computing and the related data center buildout. It’s a bet on the increasing complexity of artificial intelligence and big data analytics. And its GPU chips give Nvidia a run for the money. That makes AMD a play on the new Xbox and Sony PlayStation console upgrade cycle and the potential release of a new Nintendo Switch later this year. AMD is also now a serious contender in PCs and notebooks.</p><p><blockquote>这一切的结果如下： AMD 是云计算和相关数据中心建设大趋势的坚实基础。这是对人工智能和大数据分析日益复杂性的押注。它的 GPU 芯片让 Nvidia 物有所值。这使得 AMD 参与了新的 Xbox 和索尼 PlayStation 游戏机升级周期，以及今年晚些时候可能发布的新任天堂 Switch。AMD现在也是个人电脑和笔记本电脑领域的有力竞争者。</blockquote></p><p> “Our goal at AMD is to really be the leader in the high-performance computing wave,” says Su.</p><p><blockquote>“我们在 AMD 的目标是真正成为高性能计算浪潮中的领导者，”Su 说。</blockquote></p><p> She’s getting her way, and you can see the success in the numbers. First-quarter sales grew 93% year-over-year and 6% sequentially. AMD guided for 50% sales growth for the year, up from prior guidance of 37% growth.</p><p><blockquote>她正在如鱼得水，你可以从数字中看到成功。第一季度销售额同比增长 93%，环比增长 6%。AMD 预计今年销售额增长 50%，高于之前 37% 的增长预期。</blockquote></p><p> “We believe this guidance should be easily attainable, particularly as Intel deals with manufacturing challenges,” says Morningstar analyst Abhinav Davuluri.</p><p><blockquote>“晨星公司分析师阿比纳夫-达武鲁里（Abhinav Davuluri）说：”我们相信，这一指导应该很容易实现，尤其是在英特尔应对制造挑战的时候。</blockquote></p><p> In CPUs, sales are growing faster than those of the overall industry, which tells us AMD is gaining share from competitors.</p><p><blockquote>在 CPU 方面，销量增长速度快于整个行业，这告诉我们 AMD 正在从竞争对手那里获得份额。</blockquote></p><p> “We expect continued share growth through the balance of the year and into 2022,” says Goldman Sachs analyst Toshiya Hari, who has a buy rating and a $106 price target on AMD. The chip company is on Goldman’s “conviction list” of highly favored companies.</p><p><blockquote>“高盛分析师 Toshiya Hari 表示：”我们预计今年剩余时间和 2022 年的股价将持续增长，他对 AMD 给予买入评级，目标价为 106 美元。这家芯片公司在高盛备受青睐的 “定罪名单 ”上。</blockquote></p><p> Here’s how AMD stacks up against competitors in terms of growth in the most recent quarter, profit margins and valuation:</p><p><blockquote>以下是 AMD 在最近一个季度的增长、利润率和估值方面与竞争对手的比较情况：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc890546f0d4079834223660e88bc00d\" tg-width=\"1260\" tg-height=\"387\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Cash and cash flow</b></p><p><blockquote><b>现金及现金流量</b></blockquote></p><p> Big cash positions and solid cash flow are positives for investors because they give companies freedom that comes from reliance on banks for financing. Strong cash positions also support investor-friendly moves, such as buybacks and dividends.</p><p><blockquote>大量现金头寸和稳定的现金流对投资者来说是积极的，因为它们为公司提供了依赖银行融资的自由。强劲的现金头寸也支持有利于投资者的举措，例如回购和股息。</blockquote></p><p> Thanks to all the growth, AMD’s cash position rose sharply last year to $2.3 billion, from $1.5 billion in 2019. AMD doesn’t pay a dividend, but its board recently approved a large $4 billion share repurchase. As the company’s first big return of cash to shareholders, this represents about 4% of AMD’s market capitalization. It also signals the company’s confidence in its business and ability to continue generating solid free cash flow despite rising concerns about intensifying competition, says Deutsche Bank analyst Ross Seymore.</p><p><blockquote>得益于所有这些增长，AMD 去年的现金头寸从 2019 年的 15 亿美元大幅上升至 23 亿美元。AMD 不支付股息，但其董事会最近批准了一项价值 40 亿美元的大规模股票回购。作为该公司首次向股东返还巨额现金，约占 AMD 市值的 4%。德意志银行分析师罗斯-西莫尔（Ross Seymore）说，这也表明该公司对其业务充满信心，并有能力继续产生稳定的自由现金流，尽管人们越来越担心竞争加剧。</blockquote></p><p> Here’s a look at AMD’s cash position and cash flow&nbsp; growth, relative to competitors. The numbers for Marvell Technology Inc.&nbsp;are through Jan. 30, 2021. The rest are for the first quarter:</p><p><blockquote>以下是 AMD 相对于竞争对手的现金状况和现金流增长情况。Marvell Technology Inc.的数据截至2021年1月30日。其余的是第一季度：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/798ea9650ce6e4247ba91b6912e48a82\" tg-width=\"1260\" tg-height=\"453\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Global reach</b></p><p><blockquote><b>全球影响力</b></blockquote></p><p></p><p> AMD books sales in many regions. That’s a positive when global growth is as strong as it is now — lifted by $30 trillion in fiscal and monetary stimulus worldwide. Big exposure to China could be a risk because of U.S.-China tensions, but this issue seems to be diminishing a bit under President Biden, at least so far.</p><p><blockquote>AMD图书在许多地区的销售。在全球经济增长像现在这样强劲的情况下，这是一个积极因素--全球30万亿美元的财政和货币刺激措施推动了这一增长。由于美中关系紧张，大量接触中国可能是一种风险，但至少到目前为止，这个问题似乎在拜登总统的领导下有所减少。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/04e42a7c55f914ecd7ddb2cbf8562253\" tg-width=\"1259\" tg-height=\"772\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Stock valuation and performance</b></p><p><blockquote><b>股票估值和表现</b></blockquote></p><p> By most measures, AMD is the second-priciest stock in its group. But given the growth, it’s justified.</p><p><blockquote>从大多数标准来看，AMD 是同类产品中第二贵的股票。但考虑到增长情况，这是合理的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b26407edc4248424b878d3024bb9ac2\" tg-width=\"1260\" tg-height=\"550\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Wall Street’s opinion</b></p><p><blockquote><b>华尔街观点</b></blockquote></p><p> As a group, Wall Street analysts are predicting the biggest gains for AMD, among all the companies in its space. It’s also notable that only 61% of analysts have a buy rating, lower than the percentages for Nvidia, Broadcom Inc.,Marvell and Analog Devices Inc..For investors, this is a positive because it tells us there’s more room for sell-side analysts to turn bullish and drive their clients into the name.</p><p><blockquote>作为一个集团，华尔街分析师预测 AMD 的涨幅将是该领域所有公司中最大的。值得注意的是，只有 61% 的分析师给予买入评级，低于英伟达、博通公司、Marvell 和 Analog Devices Inc..的比例。对投资者来说，这是一个积极因素，因为它告诉我们卖方分析师有更大的空间转向看涨，并推动他们的客户买入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/995f76673215ab81971fbc2e8ace0641\" tg-width=\"1260\" tg-height=\"551\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> One big risk for AMD is that Intel stages a comeback, notes Tony Wang, a tech analyst at T. Rowe Price. Intel has done so before. But AMD still has a few tricks up its sleeve.</p><p><blockquote>T. Rowe Price 的科技分析师 Tony Wang 指出，AMD 面临的一大风险是英特尔卷土重来。英特尔以前也这样做过。但是AMD仍然有一些诀窍。</blockquote></p><p> It recently launched a more advanced version of its EPYC processor, codenamed Milan. This line of server chips will ramp up sales in the second half of this year. AMD is making the leap to even more efficient 5 nanometer production with a line of chips dubbed Genoa, slated for release in 2022. These two rollouts will allow AMD to continue its market-share gains against competitors including Intel, says Jefferies analyst Mark&nbsp;Lipacis — one reason he has a “buy” rating and a $110 price target on the stock.</p><p><blockquote>它最近推出了EPYC处理器的更高级版本，代号为Milan。该系列服务器芯片将在今年下半年增加销量。AMD 正在通过名为 Genoa 的芯片系列实现更高效的 5 纳米生产，预计将于 2022 年发布。杰富瑞（Jefferies）分析师马克-利帕西斯（Mark Lipacis）表示，这两款产品的推出将使 AMD 能够继续在与包括英特尔在内的竞争对手的市场份额增长--这也是他给予该股 “买入 ”评级和 110 美元目标价的原因之一。</blockquote></p><p> AMD is also rolling out next-generation GPUs based on its Compute DNA (CDNA)&nbsp;chip architecture, for use in data centers. And AMD’s merger with Xilinx Inc.&nbsp;later this year should help AMD produce even more sophisticated chips by incorporating Xilinx’s field-programmable gate array (FPGA) capabilities into its chip designs. FPGA gives customers more leeway to customize chips for their own needs.</p><p><blockquote>AMD 还推出了基于其计算 DNA (CDNA) 芯片架构的下一代 GPU，用于数据中心。今年晚些时候，AMD 与 Xilinx Inc. 将 Xilinx 的现场可编程门阵列 (FPGA) 功能融入其芯片设计中，从而帮助 AMD 生产出更复杂的芯片。FPGA为客户提供了更多的余地来根据自己的需求定制芯片。</blockquote></p><p> Other risks include the cyclical nature of the chip industry and the unpredictable demand from consumers and companies as economic growth rates change. One more threat is the broader adoption of competing chips based on ARM (advanced RISC machines) technology.</p><p><blockquote>其他风险包括芯片行业的周期性，以及随着经济增长率的变化，消费者和公司的需求不可预测。另一个威胁是基于ARM（先进RISC机器）技术的竞争芯片的更广泛采用。</blockquote></p><p> <b>Important dates</b></p><p><blockquote><b>重要日期</b></blockquote></p><p> <b>July 26:</b>Second-quarter earnings release.</p><p><blockquote><b>7月26日：</b>第二季度收益发布。</blockquote></p><p> <b>Oct. 25:</b>Third-quarter earnings release.</p><p><blockquote><b>10月25日：</b>第三季度收益发布。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD’s stock has been left behind, but not for long — here’s why<blockquote>AMD 的股票已经落后，但不会持续太久--原因如下</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD’s stock has been left behind, but not for long — here’s why<blockquote>AMD 的股票已经落后，但不会持续太久--原因如下</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-06-14 11:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Advanced Micro Devices has a slew of new cutting-edge products, not to mention a key acquisition, to accelerate growth.</p><p><blockquote>Advanced Micro Devices 拥有一系列新的尖端产品，更不用说一项关键收购，以加速增长。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b46f527aa40d36fd2c1a5697760ca79d\" tg-width=\"1260\" tg-height=\"840\"><span>(GETTY IMAGES)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（盖蒂图片社）</span></p></blockquote></p><p> Technology as a sector still looks like a buy after a recent rebound, but&nbsp;one chip stock stands out in particular.</p><p><blockquote>在最近的反弹之后，科技股作为一个板块看起来仍然值得买入，但有一只芯片股尤为突出。</blockquote></p><p> While the iShares PHLX Semiconductor ETF&nbsp;and Nvidia Corp.NVDAhave recovered from their May swoons, Advanced Micro Devices Inc.&nbsp;hasn’t yet fully rebounded. This makes the stock look like one to own, even though it is up 517% since I last suggested itin February 2017, compared with gains of 80% for the S&amp;P 500&nbsp;and 140% for Nasdaq Composite Index.</p><p><blockquote>虽然 iShares PHLX 半导体 ETF 和 Nvidia Corp.NVDA 已经从 5 月份的低迷中恢复过来，但 Advanced Micro Devices Inc. 尚未完全反弹。这使得该股看起来像是一只值得拥有的股票，尽管自我上次在 2017 年 2 月提出建议以来，它已经上涨了 517%，而标普500指数上涨了 80%，纳斯达克综合指数上涨了 140%。</blockquote></p><p> Let’s take a look at why, and how AMD stacks up against competitors.</p><p><blockquote>让我们来看看为什么，以及 AMD 如何与竞争对手相比。</blockquote></p><p> <b>Key dynamics</b></p><p><blockquote><b>关键动态</b></blockquote></p><p> Advanced Micro Devices designs central processing units (CPUs) and graphics processing units (GPUs) used in data center servers, PCs and videogame consoles. That makes it a play on two of the biggest trends in tech right now — migration to the cloud and videogame hardware. Historically, the company lagged Intel Corp..But it has now surpassed its rival because of innovative chip designs and manufacturing issues at Intel.</p><p><blockquote>Advanced Micro Devices 设计用于数据中心服务器、PC 和视频游戏机的中央处理单元 (CPU) 和图形处理单元 (GPU)。这使得它迎合了目前技术的两个最大趋势——向云迁移和视频游戏硬件。从历史上看，该公司落后于英特尔公司..但由于英特尔的创新芯片设计和制造问题，它现在已经超过了竞争对手。</blockquote></p><p> Over the past few years, AMD has rolled out highly competitive lines of chips, thanks to the leadership of CEO Lisa Su, who took the helm in 2014, says tech analyst Peter Karazeris at Thrivent. This put AMD back in the game. AMD’s EPYC series of processors for servers has been endorsed by broad usage among the main cloud providers — including Amazon Inc.,Alphabet Inc.,Microsoft Corp.,Oracle Corp.&nbsp;and Tencent Holdings Ltd.AMD’s Radeon GPUs for gaming hardware and its Ryzen line of chips used in PCs and laptops are equally successful.</p><p><blockquote>Thrivent 科技分析师 Peter Karazeris 表示，在过去几年中，AMD 推出了极具竞争力的芯片系列，这要归功于 2014 年上任的首席执行官 Lisa Su 的领导。这让AMD重新回到了游戏中。AMD 用于服务器的 EPYC 系列处理器已被主要云提供商广泛使用，包括亚马逊公司、Alphabet 公司、微软公司、甲骨文公司和腾讯控股控股有限公司。</blockquote></p><p> Besides better chip design, AMD has pulled ahead by drawing on advanced manufacturing capabilities of Taiwan Semiconductor&nbsp;Manufacturing Co. Ltd.,which can pack more punch in chips through the use of smaller, 7 nanometer transistors. Intel is stuck back at 10 nanometers.</p><p><blockquote>除了更好的芯片设计，AMD还通过利用台积电有限公司的先进制造能力取得了领先，该公司可以通过使用更小的7纳米晶体管在芯片中注入更多的冲击力。英特尔停留在10纳米。</blockquote></p><p> Here’s the upshot in all of this: AMD is a solid play on the megatrend of cloud computing and the related data center buildout. It’s a bet on the increasing complexity of artificial intelligence and big data analytics. And its GPU chips give Nvidia a run for the money. That makes AMD a play on the new Xbox and Sony PlayStation console upgrade cycle and the potential release of a new Nintendo Switch later this year. AMD is also now a serious contender in PCs and notebooks.</p><p><blockquote>这一切的结果如下： AMD 是云计算和相关数据中心建设大趋势的坚实基础。这是对人工智能和大数据分析日益复杂性的押注。它的 GPU 芯片让 Nvidia 物有所值。这使得 AMD 参与了新的 Xbox 和索尼 PlayStation 游戏机升级周期，以及今年晚些时候可能发布的新任天堂 Switch。AMD现在也是个人电脑和笔记本电脑领域的有力竞争者。</blockquote></p><p> “Our goal at AMD is to really be the leader in the high-performance computing wave,” says Su.</p><p><blockquote>“我们在 AMD 的目标是真正成为高性能计算浪潮中的领导者，”Su 说。</blockquote></p><p> She’s getting her way, and you can see the success in the numbers. First-quarter sales grew 93% year-over-year and 6% sequentially. AMD guided for 50% sales growth for the year, up from prior guidance of 37% growth.</p><p><blockquote>她正在如鱼得水，你可以从数字中看到成功。第一季度销售额同比增长 93%，环比增长 6%。AMD 预计今年销售额增长 50%，高于之前 37% 的增长预期。</blockquote></p><p> “We believe this guidance should be easily attainable, particularly as Intel deals with manufacturing challenges,” says Morningstar analyst Abhinav Davuluri.</p><p><blockquote>“晨星公司分析师阿比纳夫-达武鲁里（Abhinav Davuluri）说：”我们相信，这一指导应该很容易实现，尤其是在英特尔应对制造挑战的时候。</blockquote></p><p> In CPUs, sales are growing faster than those of the overall industry, which tells us AMD is gaining share from competitors.</p><p><blockquote>在 CPU 方面，销量增长速度快于整个行业，这告诉我们 AMD 正在从竞争对手那里获得份额。</blockquote></p><p> “We expect continued share growth through the balance of the year and into 2022,” says Goldman Sachs analyst Toshiya Hari, who has a buy rating and a $106 price target on AMD. The chip company is on Goldman’s “conviction list” of highly favored companies.</p><p><blockquote>“高盛分析师 Toshiya Hari 表示：”我们预计今年剩余时间和 2022 年的股价将持续增长，他对 AMD 给予买入评级，目标价为 106 美元。这家芯片公司在高盛备受青睐的 “定罪名单 ”上。</blockquote></p><p> Here’s how AMD stacks up against competitors in terms of growth in the most recent quarter, profit margins and valuation:</p><p><blockquote>以下是 AMD 在最近一个季度的增长、利润率和估值方面与竞争对手的比较情况：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc890546f0d4079834223660e88bc00d\" tg-width=\"1260\" tg-height=\"387\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Cash and cash flow</b></p><p><blockquote><b>现金及现金流量</b></blockquote></p><p> Big cash positions and solid cash flow are positives for investors because they give companies freedom that comes from reliance on banks for financing. Strong cash positions also support investor-friendly moves, such as buybacks and dividends.</p><p><blockquote>大量现金头寸和稳定的现金流对投资者来说是积极的，因为它们为公司提供了依赖银行融资的自由。强劲的现金头寸也支持有利于投资者的举措，例如回购和股息。</blockquote></p><p> Thanks to all the growth, AMD’s cash position rose sharply last year to $2.3 billion, from $1.5 billion in 2019. AMD doesn’t pay a dividend, but its board recently approved a large $4 billion share repurchase. As the company’s first big return of cash to shareholders, this represents about 4% of AMD’s market capitalization. It also signals the company’s confidence in its business and ability to continue generating solid free cash flow despite rising concerns about intensifying competition, says Deutsche Bank analyst Ross Seymore.</p><p><blockquote>得益于所有这些增长，AMD 去年的现金头寸从 2019 年的 15 亿美元大幅上升至 23 亿美元。AMD 不支付股息，但其董事会最近批准了一项价值 40 亿美元的大规模股票回购。作为该公司首次向股东返还巨额现金，约占 AMD 市值的 4%。德意志银行分析师罗斯-西莫尔（Ross Seymore）说，这也表明该公司对其业务充满信心，并有能力继续产生稳定的自由现金流，尽管人们越来越担心竞争加剧。</blockquote></p><p> Here’s a look at AMD’s cash position and cash flow&nbsp; growth, relative to competitors. The numbers for Marvell Technology Inc.&nbsp;are through Jan. 30, 2021. The rest are for the first quarter:</p><p><blockquote>以下是 AMD 相对于竞争对手的现金状况和现金流增长情况。Marvell Technology Inc.的数据截至2021年1月30日。其余的是第一季度：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/798ea9650ce6e4247ba91b6912e48a82\" tg-width=\"1260\" tg-height=\"453\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Global reach</b></p><p><blockquote><b>全球影响力</b></blockquote></p><p></p><p> AMD books sales in many regions. That’s a positive when global growth is as strong as it is now — lifted by $30 trillion in fiscal and monetary stimulus worldwide. Big exposure to China could be a risk because of U.S.-China tensions, but this issue seems to be diminishing a bit under President Biden, at least so far.</p><p><blockquote>AMD图书在许多地区的销售。在全球经济增长像现在这样强劲的情况下，这是一个积极因素--全球30万亿美元的财政和货币刺激措施推动了这一增长。由于美中关系紧张，大量接触中国可能是一种风险，但至少到目前为止，这个问题似乎在拜登总统的领导下有所减少。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/04e42a7c55f914ecd7ddb2cbf8562253\" tg-width=\"1259\" tg-height=\"772\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Stock valuation and performance</b></p><p><blockquote><b>股票估值和表现</b></blockquote></p><p> By most measures, AMD is the second-priciest stock in its group. But given the growth, it’s justified.</p><p><blockquote>从大多数标准来看，AMD 是同类产品中第二贵的股票。但考虑到增长情况，这是合理的。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5b26407edc4248424b878d3024bb9ac2\" tg-width=\"1260\" tg-height=\"550\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Wall Street’s opinion</b></p><p><blockquote><b>华尔街观点</b></blockquote></p><p> As a group, Wall Street analysts are predicting the biggest gains for AMD, among all the companies in its space. It’s also notable that only 61% of analysts have a buy rating, lower than the percentages for Nvidia, Broadcom Inc.,Marvell and Analog Devices Inc..For investors, this is a positive because it tells us there’s more room for sell-side analysts to turn bullish and drive their clients into the name.</p><p><blockquote>作为一个集团，华尔街分析师预测 AMD 的涨幅将是该领域所有公司中最大的。值得注意的是，只有 61% 的分析师给予买入评级，低于英伟达、博通公司、Marvell 和 Analog Devices Inc..的比例。对投资者来说，这是一个积极因素，因为它告诉我们卖方分析师有更大的空间转向看涨，并推动他们的客户买入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/995f76673215ab81971fbc2e8ace0641\" tg-width=\"1260\" tg-height=\"551\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Risks</b></p><p><blockquote><b>风险</b></blockquote></p><p> One big risk for AMD is that Intel stages a comeback, notes Tony Wang, a tech analyst at T. Rowe Price. Intel has done so before. But AMD still has a few tricks up its sleeve.</p><p><blockquote>T. Rowe Price 的科技分析师 Tony Wang 指出，AMD 面临的一大风险是英特尔卷土重来。英特尔以前也这样做过。但是AMD仍然有一些诀窍。</blockquote></p><p> It recently launched a more advanced version of its EPYC processor, codenamed Milan. This line of server chips will ramp up sales in the second half of this year. AMD is making the leap to even more efficient 5 nanometer production with a line of chips dubbed Genoa, slated for release in 2022. These two rollouts will allow AMD to continue its market-share gains against competitors including Intel, says Jefferies analyst Mark&nbsp;Lipacis — one reason he has a “buy” rating and a $110 price target on the stock.</p><p><blockquote>它最近推出了EPYC处理器的更高级版本，代号为Milan。该系列服务器芯片将在今年下半年增加销量。AMD 正在通过名为 Genoa 的芯片系列实现更高效的 5 纳米生产，预计将于 2022 年发布。杰富瑞（Jefferies）分析师马克-利帕西斯（Mark Lipacis）表示，这两款产品的推出将使 AMD 能够继续在与包括英特尔在内的竞争对手的市场份额增长--这也是他给予该股 “买入 ”评级和 110 美元目标价的原因之一。</blockquote></p><p> AMD is also rolling out next-generation GPUs based on its Compute DNA (CDNA)&nbsp;chip architecture, for use in data centers. And AMD’s merger with Xilinx Inc.&nbsp;later this year should help AMD produce even more sophisticated chips by incorporating Xilinx’s field-programmable gate array (FPGA) capabilities into its chip designs. FPGA gives customers more leeway to customize chips for their own needs.</p><p><blockquote>AMD 还推出了基于其计算 DNA (CDNA) 芯片架构的下一代 GPU，用于数据中心。今年晚些时候，AMD 与 Xilinx Inc. 将 Xilinx 的现场可编程门阵列 (FPGA) 功能融入其芯片设计中，从而帮助 AMD 生产出更复杂的芯片。FPGA为客户提供了更多的余地来根据自己的需求定制芯片。</blockquote></p><p> Other risks include the cyclical nature of the chip industry and the unpredictable demand from consumers and companies as economic growth rates change. One more threat is the broader adoption of competing chips based on ARM (advanced RISC machines) technology.</p><p><blockquote>其他风险包括芯片行业的周期性，以及随着经济增长率的变化，消费者和公司的需求不可预测。另一个威胁是基于ARM（先进RISC机器）技术的竞争芯片的更广泛采用。</blockquote></p><p> <b>Important dates</b></p><p><blockquote><b>重要日期</b></blockquote></p><p> <b>July 26:</b>Second-quarter earnings release.</p><p><blockquote><b>7月26日：</b>第二季度收益发布。</blockquote></p><p> <b>Oct. 25:</b>Third-quarter earnings release.</p><p><blockquote><b>10月25日：</b>第三季度收益发布。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/amds-stock-has-been-left-behind-but-not-for-long-heres-why-11623343634?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://www.marketwatch.com/story/amds-stock-has-been-left-behind-but-not-for-long-heres-why-11623343634?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163127718","content_text":"Advanced Micro Devices has a slew of new cutting-edge products, not to mention a key acquisition, to accelerate growth.\n(GETTY IMAGES)\nTechnology as a sector still looks like a buy after a recent rebound, but one chip stock stands out in particular.\nWhile the iShares PHLX Semiconductor ETF and Nvidia Corp.NVDAhave recovered from their May swoons, Advanced Micro Devices Inc. hasn’t yet fully rebounded. This makes the stock look like one to own, even though it is up 517% since I last suggested itin February 2017, compared with gains of 80% for the S&P 500 and 140% for Nasdaq Composite Index.\nLet’s take a look at why, and how AMD stacks up against competitors.\nKey dynamics\nAdvanced Micro Devices designs central processing units (CPUs) and graphics processing units (GPUs) used in data center servers, PCs and videogame consoles. That makes it a play on two of the biggest trends in tech right now — migration to the cloud and videogame hardware. Historically, the company lagged Intel Corp..But it has now surpassed its rival because of innovative chip designs and manufacturing issues at Intel.\nOver the past few years, AMD has rolled out highly competitive lines of chips, thanks to the leadership of CEO Lisa Su, who took the helm in 2014, says tech analyst Peter Karazeris at Thrivent. This put AMD back in the game. AMD’s EPYC series of processors for servers has been endorsed by broad usage among the main cloud providers — including Amazon Inc.,Alphabet Inc.,Microsoft Corp.,Oracle Corp. and Tencent Holdings Ltd.AMD’s Radeon GPUs for gaming hardware and its Ryzen line of chips used in PCs and laptops are equally successful.\nBesides better chip design, AMD has pulled ahead by drawing on advanced manufacturing capabilities of Taiwan Semiconductor Manufacturing Co. Ltd.,which can pack more punch in chips through the use of smaller, 7 nanometer transistors. Intel is stuck back at 10 nanometers.\nHere’s the upshot in all of this: AMD is a solid play on the megatrend of cloud computing and the related data center buildout. It’s a bet on the increasing complexity of artificial intelligence and big data analytics. And its GPU chips give Nvidia a run for the money. That makes AMD a play on the new Xbox and Sony PlayStation console upgrade cycle and the potential release of a new Nintendo Switch later this year. AMD is also now a serious contender in PCs and notebooks.\n“Our goal at AMD is to really be the leader in the high-performance computing wave,” says Su.\nShe’s getting her way, and you can see the success in the numbers. First-quarter sales grew 93% year-over-year and 6% sequentially. AMD guided for 50% sales growth for the year, up from prior guidance of 37% growth.\n“We believe this guidance should be easily attainable, particularly as Intel deals with manufacturing challenges,” says Morningstar analyst Abhinav Davuluri.\nIn CPUs, sales are growing faster than those of the overall industry, which tells us AMD is gaining share from competitors.\n“We expect continued share growth through the balance of the year and into 2022,” says Goldman Sachs analyst Toshiya Hari, who has a buy rating and a $106 price target on AMD. The chip company is on Goldman’s “conviction list” of highly favored companies.\nHere’s how AMD stacks up against competitors in terms of growth in the most recent quarter, profit margins and valuation:\n(FACTSET)\nCash and cash flow\nBig cash positions and solid cash flow are positives for investors because they give companies freedom that comes from reliance on banks for financing. Strong cash positions also support investor-friendly moves, such as buybacks and dividends.\nThanks to all the growth, AMD’s cash position rose sharply last year to $2.3 billion, from $1.5 billion in 2019. AMD doesn’t pay a dividend, but its board recently approved a large $4 billion share repurchase. As the company’s first big return of cash to shareholders, this represents about 4% of AMD’s market capitalization. It also signals the company’s confidence in its business and ability to continue generating solid free cash flow despite rising concerns about intensifying competition, says Deutsche Bank analyst Ross Seymore.\nHere’s a look at AMD’s cash position and cash flow  growth, relative to competitors. The numbers for Marvell Technology Inc. are through Jan. 30, 2021. The rest are for the first quarter:\n(FACTSET)\nGlobal reach\nAMD books sales in many regions. That’s a positive when global growth is as strong as it is now — lifted by $30 trillion in fiscal and monetary stimulus worldwide. Big exposure to China could be a risk because of U.S.-China tensions, but this issue seems to be diminishing a bit under President Biden, at least so far.\n(FACTSET)\nStock valuation and performance\nBy most measures, AMD is the second-priciest stock in its group. But given the growth, it’s justified.\n(FACTSET)\nWall Street’s opinion\nAs a group, Wall Street analysts are predicting the biggest gains for AMD, among all the companies in its space. It’s also notable that only 61% of analysts have a buy rating, lower than the percentages for Nvidia, Broadcom Inc.,Marvell and Analog Devices Inc..For investors, this is a positive because it tells us there’s more room for sell-side analysts to turn bullish and drive their clients into the name.\n(FACTSET)\nRisks\nOne big risk for AMD is that Intel stages a comeback, notes Tony Wang, a tech analyst at T. Rowe Price. Intel has done so before. But AMD still has a few tricks up its sleeve.\nIt recently launched a more advanced version of its EPYC processor, codenamed Milan. This line of server chips will ramp up sales in the second half of this year. AMD is making the leap to even more efficient 5 nanometer production with a line of chips dubbed Genoa, slated for release in 2022. These two rollouts will allow AMD to continue its market-share gains against competitors including Intel, says Jefferies analyst Mark Lipacis — one reason he has a “buy” rating and a $110 price target on the stock.\nAMD is also rolling out next-generation GPUs based on its Compute DNA (CDNA) chip architecture, for use in data centers. And AMD’s merger with Xilinx Inc. later this year should help AMD produce even more sophisticated chips by incorporating Xilinx’s field-programmable gate array (FPGA) capabilities into its chip designs. FPGA gives customers more leeway to customize chips for their own needs.\nOther risks include the cyclical nature of the chip industry and the unpredictable demand from consumers and companies as economic growth rates change. One more threat is the broader adoption of competing chips based on ARM (advanced RISC machines) technology.\nImportant dates\nJuly 26:Second-quarter earnings release.\nOct. 25:Third-quarter earnings release.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":885,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186197409,"gmtCreate":1623477263201,"gmtModify":1631893061090,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment please&nbsp;","listText":"Like &amp; comment please&nbsp;","text":"Like & comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186197409","repostId":"1158585683","repostType":4,"repost":{"id":"1158585683","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623418302,"share":"https://www.laohunote.com/m/news/1158585683?lang=zh_CN&edition=full","pubTime":"2021-06-11 21:31","market":"us","language":"en","title":"Dow rises 80 points, S&P 500 adds to a record as tech shares gain<blockquote>道琼斯指数上涨 80 点，科技股上涨，标普500创下历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158585683","media":"Tiger Newspress","summary":"(June 11) U.S. stocks rose on Friday with the S&P 500 adding to its new record, as Wall Street aims ","content":"<p>(June 11)&nbsp;U.S. stocks rose on Friday with the S&amp;P 500 adding to its new record, as Wall Street aims to wrap up the week on a high note.</p><p><blockquote>（6月11日）美国周五股市上涨，标普500创下新纪录，华尔街的目标是以高调结束本周。</blockquote></p><p> The Dow Jones Industrial Average gained 100 points while S&amp;P 500 added 0.2% after closing at a record in the previous session. Nasdaq-100 futures gained 0.1%. Apple, Amazon, Netflix, Microsoft and Alphabet all traded in the green.</p><p><blockquote>道琼斯工业平均指数上涨 100 点，标普500指数上涨 0.2%，此前一交易日创下历史新高。纳斯达克 100 期货上涨 0.1%。苹果、亚马逊、Netflix、微软和Alphabet均上涨。</blockquote></p><p> There were not many big movers in premarket trading. Some of the meme stocks were rebounding after a rough day on Thursday. AMC shares were up 3% and GameStop was up 7% in the premarket. Those twosuffered double digit percent losseson Thursday as momentum in the Reddit favorites faded.</p><p><blockquote>盘前交易中没有多少大人物。在经历了周四艰难的一天后，一些模因股票正在反弹。AMC 股价在盘前上涨 3%，游戏驿站股价上涨 7%。随着Reddit最受欢迎的势头减弱，这两家公司周四遭受了两位数的百分比损失。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow rises 80 points, S&P 500 adds to a record as tech shares gain<blockquote>道琼斯指数上涨 80 点，科技股上涨，标普500创下历史新高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow rises 80 points, S&P 500 adds to a record as tech shares gain<blockquote>道琼斯指数上涨 80 点，科技股上涨，标普500创下历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-11 21:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June 11)&nbsp;U.S. stocks rose on Friday with the S&amp;P 500 adding to its new record, as Wall Street aims to wrap up the week on a high note.</p><p><blockquote>（6月11日）美国周五股市上涨，标普500创下新纪录，华尔街的目标是以高调结束本周。</blockquote></p><p> The Dow Jones Industrial Average gained 100 points while S&amp;P 500 added 0.2% after closing at a record in the previous session. Nasdaq-100 futures gained 0.1%. Apple, Amazon, Netflix, Microsoft and Alphabet all traded in the green.</p><p><blockquote>道琼斯工业平均指数上涨 100 点，标普500指数上涨 0.2%，此前一交易日创下历史新高。纳斯达克 100 期货上涨 0.1%。苹果、亚马逊、Netflix、微软和Alphabet均上涨。</blockquote></p><p> There were not many big movers in premarket trading. Some of the meme stocks were rebounding after a rough day on Thursday. AMC shares were up 3% and GameStop was up 7% in the premarket. Those twosuffered double digit percent losseson Thursday as momentum in the Reddit favorites faded.</p><p><blockquote>盘前交易中没有多少大人物。在经历了周四艰难的一天后，一些模因股票正在反弹。AMC 股价在盘前上涨 3%，游戏驿站股价上涨 7%。随着Reddit最受欢迎的势头减弱，这两家公司周四遭受了两位数的百分比损失。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158585683","content_text":"(June 11) U.S. stocks rose on Friday with the S&P 500 adding to its new record, as Wall Street aims to wrap up the week on a high note.\nThe Dow Jones Industrial Average gained 100 points while S&P 500 added 0.2% after closing at a record in the previous session. Nasdaq-100 futures gained 0.1%. Apple, Amazon, Netflix, Microsoft and Alphabet all traded in the green.\nThere were not many big movers in premarket trading. Some of the meme stocks were rebounding after a rough day on Thursday. AMC shares were up 3% and GameStop was up 7% in the premarket. Those twosuffered double digit percent losseson Thursday as momentum in the Reddit favorites faded.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":893,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181722545,"gmtCreate":1623412936387,"gmtModify":1631893061094,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment please&nbsp;","listText":"Like &amp; comment please&nbsp;","text":"Like & comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/181722545","repostId":"1147816654","repostType":4,"repost":{"id":"1147816654","kind":"news","pubTimestamp":1623411742,"share":"https://www.laohunote.com/m/news/1147816654?lang=zh_CN&edition=full","pubTime":"2021-06-11 19:42","market":"us","language":"en","title":"Will The WallStreetBets Crowd Come After Silver Again?<blockquote>华尔街投注人群会再次追逐白银吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147816654","media":"The Street","summary":"In the last meme stock run up, the precious metal became a Reddit trader crowd target after GameStop","content":"<p>  <b>In the last meme stock run up, the precious metal became a Reddit trader crowd target after GameStop and AMC.</b>  The Reddit army is back in full force!</p><p><blockquote><b>在上一次 meme 股票上涨中，继游戏驿站和 AMC 之后，贵金属成为 Reddit 交易员的众多目标。</b>Reddit大军全面回归!</blockquote></p><p> Meme stocks, driven by members of the WallStreetBets forum on the site looking to short squeeze big hedge funds, first came to prominence in a major way back at the beginning of 2021. GameStop (GME) was the first stock of choice, which saw its stock price rise from around $18 a share on New Year's Day to nearly $500 at its peak. It was soon joined by names, such as AMC Entertainment (AMC), Bed Bath &amp; Beyond (BBBY), Express (EXPR) and BlackBerry (BB). After a brief hiatus, the group is back with AMC as their stock of choice.</p><p><blockquote>模因股票在网站上希望做空大型对冲基金的 WallStreetBets 论坛成员的推动下，于 2021 年初首次以主要方式脱颖而出。游戏驿站（GME）是首选股票，其股价从元旦的每股18美元左右上涨至峰值时的近500美元。很快，AMC院线 (AMC)、Bed Bath &amp; Beyond (BBBY)、Express (EXPR) 和黑莓 (BB) 等公司也加入了进来。经过短暂的中断后，该集团重新将 AMC 作为其首选股票。</blockquote></p><p> One stock that this group went after wasn't even a stock at all. It was the<b>iShares Silver Trust (SLV)</b>. It started with, not surprisingly, aReddit postwhere one trader argued that precious metals prices have been manipulated by the big banks for years and could be an ideal target for the next big squeeze.</p><p><blockquote>这个小组追逐的一只股票根本不是股票。是<b>iShares 白银信托 (SLV)</b>毫不奇怪，事情始于 Reddit 的一篇帖子，一位交易员在帖子中辩称，贵金属价格多年来一直受到大银行的操纵，可能是下一次大挤压的理想目标。</blockquote></p><p> So they tried it and they were successful.......for a day.</p><p><blockquote>所以他们尝试了，他们成功了……....一天。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1f1d77c395486d36223fb07516c1b28c\" tg-width=\"700\" tg-height=\"308\">Silver prices (and the price of SLV) popped by about 10% on the news that the WallStreetBets crowd was going to go after it, but the rally was short-lived. The share price was back down to where it was before the spike the next day and it still hasn't come near its previous heights again.</p><p><blockquote>华尔街投注人群将追逐白银的消息传出后，白银价格（以及 SLV 的价格）飙升了约 10%，但涨势是短暂的。第二天股价回落至飙升前的水平，但仍未再次接近之前的高点。</blockquote></p><p> It turns out that moving a stock, such as AMC, and moving the price of silver are two entirely different things. While many people picture jewelry and silverware when they think of silver, in reality, the major of its demand comes from heavy industry.</p><p><blockquote>事实证明，移动股票（例如 AMC）和移动白银价格是两件完全不同的事情。虽然许多人一想到白银就会想到珠宝和银器，但实际上，白银的主要需求来自重工业。</blockquote></p><p> It's used in the production of solar panels, electrical components, fuses, automobiles and industrial adhesives. Silverdemandin 2020 for industrial fabrication purposes was more than triple that of the jewelry market, more than double that for silver bars &amp; coins and more than 15 times that of silverware.</p><p><blockquote>它用于生产太阳能电池板、电子元件、保险丝、汽车和工业粘合剂。2020年工业制造用途的白银需求是珠宝市场的三倍多，银条和银币的两倍多，银器的15倍多。</blockquote></p><p> With that much constant global demand for silver, which is only expected to continue growing, it's incredibly difficult to whipsaw its price around to any significant degree (especially up to the $1,000 per ounce price target that Reddit was calling for). I'm honestly a little surprised that it was able to generate a one-day 10% gain just on meme stock speculation alone.</p><p><blockquote>由于全球对白银的需求持续不断，预计只会继续增长，因此很难大幅调整白银价格（尤其是达到 Reddit 呼吁的每盎司 1,000 美元的价格目标）。老实说，我有点惊讶，仅靠模因股票投机就能在一天内获得 10% 的收益。</blockquote></p><p> Stocks, such as AMC and GameStop, are small enough (they may not technically be considered \"small\" any more) that with enough trading volume they can be pushed pretty significantly in a fairly short amount of time. Plus, the stocks that the Reddit traders were targeting already had high short interest, meaning that any large buying activity was probably exacerbated by people short covering in order to stop the bleeding.</p><p><blockquote>AMC 和游戏驿站等股票足够小（从技术上讲，它们可能不再被认为是“小”），只要有足够的交易量，它们就可以在相当短的时间内大幅上涨。此外，Reddit交易员瞄准的股票已经有很高的空头兴趣，这意味着任何大规模的购买活动都可能因人们为了止血而做空回补而加剧。</blockquote></p><p> That's going to be difficult to pull off for silver. My guess is that the WallStreetBets group never takes a swing at silver again. It seems content to find new targets, such as Clover (CLOV), to try to push to the moon.</p><p><blockquote>对于西尔弗来说，这将很难实现。我的猜测是，WallStreetBets 集团再也不会对白银进行波动了。它似乎满足于寻找新的目标，如三叶草（CLOV），试图推向月球。</blockquote></p><p></p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will The WallStreetBets Crowd Come After Silver Again?<blockquote>华尔街投注人群会再次追逐白银吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill The WallStreetBets Crowd Come After Silver Again?<blockquote>华尔街投注人群会再次追逐白银吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-06-11 19:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>In the last meme stock run up, the precious metal became a Reddit trader crowd target after GameStop and AMC.</b>  The Reddit army is back in full force!</p><p><blockquote><b>在上一次 meme 股票上涨中，继游戏驿站和 AMC 之后，贵金属成为 Reddit 交易员的众多目标。</b>Reddit大军全面回归!</blockquote></p><p> Meme stocks, driven by members of the WallStreetBets forum on the site looking to short squeeze big hedge funds, first came to prominence in a major way back at the beginning of 2021. GameStop (GME) was the first stock of choice, which saw its stock price rise from around $18 a share on New Year's Day to nearly $500 at its peak. It was soon joined by names, such as AMC Entertainment (AMC), Bed Bath &amp; Beyond (BBBY), Express (EXPR) and BlackBerry (BB). After a brief hiatus, the group is back with AMC as their stock of choice.</p><p><blockquote>模因股票在网站上希望做空大型对冲基金的 WallStreetBets 论坛成员的推动下，于 2021 年初首次以主要方式脱颖而出。游戏驿站（GME）是首选股票，其股价从元旦的每股18美元左右上涨至峰值时的近500美元。很快，AMC院线 (AMC)、Bed Bath &amp; Beyond (BBBY)、Express (EXPR) 和黑莓 (BB) 等公司也加入了进来。经过短暂的中断后，该集团重新将 AMC 作为其首选股票。</blockquote></p><p> One stock that this group went after wasn't even a stock at all. It was the<b>iShares Silver Trust (SLV)</b>. It started with, not surprisingly, aReddit postwhere one trader argued that precious metals prices have been manipulated by the big banks for years and could be an ideal target for the next big squeeze.</p><p><blockquote>这个小组追逐的一只股票根本不是股票。是<b>iShares 白银信托 (SLV)</b>毫不奇怪，事情始于 Reddit 的一篇帖子，一位交易员在帖子中辩称，贵金属价格多年来一直受到大银行的操纵，可能是下一次大挤压的理想目标。</blockquote></p><p> So they tried it and they were successful.......for a day.</p><p><blockquote>所以他们尝试了，他们成功了……....一天。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1f1d77c395486d36223fb07516c1b28c\" tg-width=\"700\" tg-height=\"308\">Silver prices (and the price of SLV) popped by about 10% on the news that the WallStreetBets crowd was going to go after it, but the rally was short-lived. The share price was back down to where it was before the spike the next day and it still hasn't come near its previous heights again.</p><p><blockquote>华尔街投注人群将追逐白银的消息传出后，白银价格（以及 SLV 的价格）飙升了约 10%，但涨势是短暂的。第二天股价回落至飙升前的水平，但仍未再次接近之前的高点。</blockquote></p><p> It turns out that moving a stock, such as AMC, and moving the price of silver are two entirely different things. While many people picture jewelry and silverware when they think of silver, in reality, the major of its demand comes from heavy industry.</p><p><blockquote>事实证明，移动股票（例如 AMC）和移动白银价格是两件完全不同的事情。虽然许多人一想到白银就会想到珠宝和银器，但实际上，白银的主要需求来自重工业。</blockquote></p><p> It's used in the production of solar panels, electrical components, fuses, automobiles and industrial adhesives. Silverdemandin 2020 for industrial fabrication purposes was more than triple that of the jewelry market, more than double that for silver bars &amp; coins and more than 15 times that of silverware.</p><p><blockquote>它用于生产太阳能电池板、电子元件、保险丝、汽车和工业粘合剂。2020年工业制造用途的白银需求是珠宝市场的三倍多，银条和银币的两倍多，银器的15倍多。</blockquote></p><p> With that much constant global demand for silver, which is only expected to continue growing, it's incredibly difficult to whipsaw its price around to any significant degree (especially up to the $1,000 per ounce price target that Reddit was calling for). I'm honestly a little surprised that it was able to generate a one-day 10% gain just on meme stock speculation alone.</p><p><blockquote>由于全球对白银的需求持续不断，预计只会继续增长，因此很难大幅调整白银价格（尤其是达到 Reddit 呼吁的每盎司 1,000 美元的价格目标）。老实说，我有点惊讶，仅靠模因股票投机就能在一天内获得 10% 的收益。</blockquote></p><p> Stocks, such as AMC and GameStop, are small enough (they may not technically be considered \"small\" any more) that with enough trading volume they can be pushed pretty significantly in a fairly short amount of time. Plus, the stocks that the Reddit traders were targeting already had high short interest, meaning that any large buying activity was probably exacerbated by people short covering in order to stop the bleeding.</p><p><blockquote>AMC 和游戏驿站等股票足够小（从技术上讲，它们可能不再被认为是“小”），只要有足够的交易量，它们就可以在相当短的时间内大幅上涨。此外，Reddit交易员瞄准的股票已经有很高的空头兴趣，这意味着任何大规模的购买活动都可能因人们为了止血而做空回补而加剧。</blockquote></p><p> That's going to be difficult to pull off for silver. My guess is that the WallStreetBets group never takes a swing at silver again. It seems content to find new targets, such as Clover (CLOV), to try to push to the moon.</p><p><blockquote>对于西尔弗来说，这将很难实现。我的猜测是，WallStreetBets 集团再也不会对白银进行波动了。它似乎满足于寻找新的目标，如三叶草（CLOV），试图推向月球。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/etffocus/trade-ideas/will-wallstreetbets-crowd-come-after-silver\">The Street</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/etffocus/trade-ideas/will-wallstreetbets-crowd-come-after-silver","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147816654","content_text":"In the last meme stock run up, the precious metal became a Reddit trader crowd target after GameStop and AMC.\n\nThe Reddit army is back in full force!\nMeme stocks, driven by members of the WallStreetBets forum on the site looking to short squeeze big hedge funds, first came to prominence in a major way back at the beginning of 2021. GameStop (GME) was the first stock of choice, which saw its stock price rise from around $18 a share on New Year's Day to nearly $500 at its peak. It was soon joined by names, such as AMC Entertainment (AMC), Bed Bath & Beyond (BBBY), Express (EXPR) and BlackBerry (BB). After a brief hiatus, the group is back with AMC as their stock of choice.\nOne stock that this group went after wasn't even a stock at all. It was theiShares Silver Trust (SLV). It started with, not surprisingly, aReddit postwhere one trader argued that precious metals prices have been manipulated by the big banks for years and could be an ideal target for the next big squeeze.\nSo they tried it and they were successful.......for a day.\nSilver prices (and the price of SLV) popped by about 10% on the news that the WallStreetBets crowd was going to go after it, but the rally was short-lived. The share price was back down to where it was before the spike the next day and it still hasn't come near its previous heights again.\nIt turns out that moving a stock, such as AMC, and moving the price of silver are two entirely different things. While many people picture jewelry and silverware when they think of silver, in reality, the major of its demand comes from heavy industry.\nIt's used in the production of solar panels, electrical components, fuses, automobiles and industrial adhesives. Silverdemandin 2020 for industrial fabrication purposes was more than triple that of the jewelry market, more than double that for silver bars & coins and more than 15 times that of silverware.\nWith that much constant global demand for silver, which is only expected to continue growing, it's incredibly difficult to whipsaw its price around to any significant degree (especially up to the $1,000 per ounce price target that Reddit was calling for). I'm honestly a little surprised that it was able to generate a one-day 10% gain just on meme stock speculation alone.\nStocks, such as AMC and GameStop, are small enough (they may not technically be considered \"small\" any more) that with enough trading volume they can be pushed pretty significantly in a fairly short amount of time. Plus, the stocks that the Reddit traders were targeting already had high short interest, meaning that any large buying activity was probably exacerbated by people short covering in order to stop the bleeding.\nThat's going to be difficult to pull off for silver. My guess is that the WallStreetBets group never takes a swing at silver again. It seems content to find new targets, such as Clover (CLOV), to try to push to the moon.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1005,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181416553,"gmtCreate":1623406470772,"gmtModify":1631893061096,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment&nbsp;","listText":"Like &amp; comment&nbsp;","text":"Like & comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181416553","repostId":"1113838701","repostType":4,"repost":{"id":"1113838701","kind":"news","pubTimestamp":1623403425,"share":"https://www.laohunote.com/m/news/1113838701?lang=zh_CN&edition=full","pubTime":"2021-06-11 17:23","market":"us","language":"en","title":"Palantir: A Dilution Adjusted Value<blockquote>Palantir：稀释调整值</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1113838701","media":"seekingalpha","summary":"Palantir is a high-growth company that operates worldwide in both commercial and government segments.It has a powerful A.I.  technology, however, having an A.I. seems to become a buzzword to justify skyrocket valuations.I initiate Palantir with a Bearish rating and a fair price of $14.45/share.Founded in 2003, Palantir  started building a software platform for the intelligence community and later expanded to the commercial space. To this mean, two principal software platforms have been developed","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Palantir is a high-growth company that operates worldwide in both commercial and government segments.</li>  <li>It has a powerful A.I. (Cognitive Computing) technology, however, having an A.I. seems to become a buzzword to justify skyrocket valuations.</li>  <li>I initiate Palantir with a Bearish rating and a fair price of $14.45/share.</li> </ul> <b>Company Overview</b></p><p><blockquote><ul><li>Palantir是一家高增长的公司，在全球商业和政府领域都有业务。</li><li>它拥有强大的人工智能（认知计算）技术，然而，拥有人工智能似乎已成为证明估值飙升的流行语。</li><li>我对 Palantir 给予看跌评级，公允价格为每股 14.45 美元。</li></ul><b>公司概况</b></blockquote></p><p> Founded in 2003, Palantir (PLTR) started building a software platform for the intelligence community and later expanded to the commercial space. To this mean, two principal software platforms have been developed, Palantir Gotham and Palantir Foundry. Both serve as a central operating system and enable customers to integrate their data and operations.</p><p><blockquote>Palantir (PLTR) 成立于 2003 年，开始为情报界构建软件平台，后来扩展到商业领域。为此，已经开发了两个主要的软件平台，Palantir Gotham和Palantir Foundry。两者都充当中央操作系统，使客户能够集成他们的数据和操作。</blockquote></p><p> <ol>  <li>Gotham is a platform constructedprimarily for analysts at defense and intelligence agencies. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. The Gotham platform can also be used by commercial customers (e.g., by the financial services industry in connection with fraud investigations).</li>  <li>Foundry is a platform used by organizations (e.g., Airbus (OTCPK:EADSF)) to manage a big amount of data involved in complex projects. It transforms the ways organizations operate by creating a central operating system for their data. Individual users can integrate and analyze the data they need in one place. The speed with which users can experiment and test new ideas is what makes the software stick.</li>  <li>Apollo is a delivery software that powers Foundry and Gotham platforms and enables them to run in any environment. Apollo aims to provide the latest features in the hands of customers without disrupting operations.</li> </ol> The company operates worldwide and in particular in the U.S., U.K., France, and other parts of the world. Below I display its revenue breakdown by segment and by geography.</p><p><blockquote><ol><li>哥谭是一个主要为国防和情报机构的分析师构建的平台。Gotham使用户能够识别隐藏在数据集深处的模式，从信号情报来源到机密线人的报告。Gotham平台也可供商业客户使用（例如，金融服务行业在欺诈调查中使用）。</li><li>Foundry是组织（例如空中客车公司（OTCPK：EADSF））用来管理复杂项目中涉及的大量数据的平台。它通过为组织的数据创建一个中央操作系统来改变组织的运营方式。个人用户可以在一个地方集成和分析他们需要的数据。用户实验和测试新想法的速度是该软件坚持下去的原因。</li><li>Apollo是一款交付软件，为Foundry和Gotham平台提供支持，并使它们能够在任何环境中运行。Apollo的目标是在不中断运营的情况下，将最新的功能提供到客户手中。</li></ol>该公司在全球开展业务，尤其是在美国、英国、法国和世界其他地区。下面我显示了按细分市场和地理位置划分的收入明细。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9d03eb66b96b4d77da5936226da87d10\" tg-width=\"640\" tg-height=\"238\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Source:<i>Author's Estimates using data from the latest10-K report</i></p><p><blockquote>来源：<i>作者使用最新 10-K 报告数据进行的估计</i></blockquote></p><p> Using the trailing twelve-month numbers, we can see that the government segment accounts for 58% (vs. 42% in 2018A) of Palantir's total revenue, while the commercial segment 48%(vs. 57% in 2018A).</p><p><blockquote>使用过去 12 个月的数据，我们可以看到政府部门占 Palantir 总收入的 58%（2018 年为 42%），而商业部门占 48%（2018 年为 57%）。</blockquote></p><p> <b>Company Analysis</b></p><p><blockquote><b>公司分析</b></blockquote></p><p> I initiate Palantir with a Bearish rating and a fair price of $14.45/share (vs. current price of $24.38/share). As we all know the discounted cash flow model is a valuable tool to assess a company's fair value, however, to be able to implement it we need to make a lot of assumptions. One of those assumptions we have to make is about the company's future growth. But how can we assess the company's future growth? There are different ways in which we accomplish this, but any of this is \"the one.\"</p><p><blockquote>我对 Palantir 给予看跌评级，公允价格为每股 14.45 美元（当前价格为每股 24.38 美元）。众所周知，贴现现金流模型是评估公司公允价值的宝贵工具，然而，为了能够实施它，我们需要做出很多假设。我们必须做出的假设之一是关于公司未来的增长。但我们如何评估公司未来的增长呢？我们有不同的方法来实现这一点，但其中任何一种都是“唯一的”。</blockquote></p><p> Usually, the first step we want to take is to assess whether the company possesses a sustainable economic moat. A sustainable economic moat is what distinguishes a leader from a laggard, and it tells us what kind of margin of safety we should require on the stock. The absence of an economic moat translates into a higher margin of safety. It is not an easy task to assess whether the company has one and different approaches can be used. In this case, I would like to do it by analyzing the company's free cash flow, margins, and return on equity. Below, I display the key indicators we need.</p><p><blockquote>通常，我们要采取的第一步是评估公司是否拥有可持续的经济护城河。可持续的经济护城河是区分领导者和落后者的关键，它告诉我们应该对股票要求什么样的安全边际。没有经济护城河意味着更高的安全边际。评估一家公司是否有一种不同的方法并不是一件容易的事情。在这种情况下，我想通过分析公司的自由现金流、利润率和股本回报率来实现这一点。下面，我展示了我们需要的关键指标。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ab3592c45dd11931534a65c171b42df2\" tg-width=\"640\" tg-height=\"304\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Source:<i>Author's Estimates using data from the latest 10-K report</i></p><p><blockquote>来源：<i>作者使用最新 10-K 报告数据进行的估计</i></blockquote></p><p> From the numbers displayed above, you can immediately point out that something is not going in the right way. The gross margin (or production profitability) is fine and it is equal at 69.9% 2021TTM, however, the operating margin is not fine at all, and it is equal to -101.1% (we can observe the same picture looking at the net margin). In fact, if we look at the operating expenses as a % of revenues, we can find that this number is equal to 171%. Below I display the results.</p><p><blockquote>从上面显示的数字中，你可以立即指出事情没有朝着正确的方向发展。毛利率（或生产盈利能力）很好，等于69.9% 2021TTM，然而，营业利润率一点也不好，等于-101.1%（我们可以从净利润率观察到同样的情况）。事实上，如果我们把运营费用看作收入的百分比，我们可以发现这个数字等于171%。下面我显示结果。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cb6af16f471180179056796c4f30820d\" tg-width=\"544\" tg-height=\"117\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Source<i>Author's Estimates using data from the latest 10-K report</i></p><p><blockquote>来源<i>作者使用最新 10-K 报告数据进行的估计</i></blockquote></p><p></p><p> Next, as we can expect from these numbers, ROE is a negative number. A negative ROE tells us that the company is destroying value to its shareholders. What about free cash flow margin? We can observe, more or less, the same pattern as with operating margins. Further, by looking at the cash flow statement deeper we can find out a very clear pattern - the company brings in cash by issuing every year more shares. It is usually seen as a red flag when looking at the company cash flow statement we find out that the primary pump for the company's cash flow is not the cash flow from operating activities. Overall, any of these metrics seem to suggest that a company has a sustainable economic moat.</p><p><blockquote>接下来，正如我们从这些数字中可以预期的那样，净资产收益率是一个负数。负净资产收益率告诉我们，该公司正在破坏股东的价值。自由现金流保证金呢？我们可以观察到或多或少与营业利润率相同的模式。此外，通过更深入地研究现金流量表，我们可以发现一个非常明显的模式——公司通过每年发行更多股票来带来现金。当查看公司现金流量表时，我们发现公司现金流的主要来源不是经营活动的现金流，这通常被视为一个危险信号。总体而言，这些指标中的任何一个似乎都表明一家公司拥有可持续的经济护城河。</blockquote></p><p> <b>Discounted Cash Flow Model</b></p><p><blockquote><b>贴现现金流量模型</b></blockquote></p><p> Now, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.</p><p><blockquote>现在，让我们转向贴现现金流估值部分。下面，你可以看到我所做的相对假设的结果。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dfe7d504567011f28eb91b3e31fe1cd8\" tg-width=\"640\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Source:<i>Author's Estimates using data from the latest 10-K report</i></p><p><blockquote>来源：<i>作者使用最新 10-K 报告数据进行的估计</i></blockquote></p><p> In the discounted cash flow model I used as the base year numbers the trailing twelve months numbers. For the top line (revenues), I assumed a growth rate of 49% for the next year, in line with the current revenue growth pattern and the new unfolding opportunities. For the Y2-Y5, I assumed a CAGR of 30%, this is what I believe is a reasonable growth rate. I allow the company to grow with a sales to capital ratio of 1.02 (90th percentile vs peers) and with a current WACC of 6.9%.</p><p><blockquote>在贴现现金流模型中，我使用过去12个月的数字作为基准年数字。对于营收（收入），我假设明年的增长率为 49%，符合当前的收入增长模式和新的机会。对于Y2-Y5，我假设CAGR为30%，这是我认为合理的增长率。我允许公司以 1.02 的销售资本比率（与同行相比的第 90 个百分位数）和 6.9% 的当前 WACC 增长。</blockquote></p><p> I assumed an operating margin for the next year equal to -67% and a target operating margin of 31.2% (85th percentile vs peers). If you are wondering who are the peers which I used to make my assumption, well, those are companies like Alteryx (AYX), Microsoft (MSFT), Oracle (ORCL), Datadog (DDOG), etc.</p><p><blockquote>我假设明年的营业利润率为-67%，目标营业利润率为31.2%（与同行相比为第85个百分位）。如果您想知道我曾经做出假设的同行是谁，那么，这些公司是 Alteryx (AYX)、微软 (MSFT)、甲骨文 (ORCL)、Datadog (DDOG) 等公司。</blockquote></p><p> A lot of investors seem to believe that there is a hidden value in Palantir and they put unrealistic assumptions to justify their findings. Even if there may be one, the dilution effect is keeping the stock from going higher. Investors don't seem to understand this and the company rides the wave by issuing more shares at an unjustified price.</p><p><blockquote>许多投资者似乎相信 Palantir 具有隐藏的价值，他们做出不切实际的假设来证明他们的发现是合理的。即使可能有，稀释效应也阻止了股票走高。投资者似乎不明白这一点，该公司乘风破浪，以不合理的价格发行更多股票。</blockquote></p><p> The central value ($7.34/share) that you can see in my sensitivity analysis is what I found as a fair value using my DCF model, while the prices in the green area are prices that may be justified (even if it is hard to assume such a high CAGR, perhaps unrealistic). The sensitivity analysis is intentionally skewed to the right since there are more bulls than bears in the room.</p><p><blockquote>你可以在我的敏感性分析中看到的中心价值（7.34美元/股）是我使用DCF模型发现的公允价值，而绿色区域的价格是可能合理的价格（即使很难假设如此高的CAGR，也许是不现实的）。敏感性分析故意向右倾斜，因为房间里的多头多于空头。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/689c747c7d01668b6d6978063ee0ce3f\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Source:<i>Author's Estimates using data from the latest 10-K report</i></p><p><blockquote>来源：<i>作者使用最新 10-K 报告数据进行的估计</i></blockquote></p><p> Using my assumptions, I found that the fair value for the company according to the DCF model is $7.34/share. Now you may say, this is not the same fair value I stated at the beginning. Totally right, you caught me. The fair value that I assign to the company is equal to $14.45/share which is an algorithm-based estimate which accounts for different factors, among others: DCF-based fair value, momentum, etc.</p><p><blockquote>根据我的假设，我发现根据DCF模型，该公司的公允价值为7.34美元/股。现在你可能会说，这不是我一开始陈述的公允价值。完全正确，你抓到我了。我分配给公司的公允价值等于14.45美元/股，这是一个基于算法的估计，考虑了不同的因素，包括：基于DCF的公允价值、动量等。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> Palantir is a high-growth company that operates worldwide in both commercial and government segments. It has a powerful A.I. (Cognitive Computing) technology, however, having an A.I. seems to become a buzzword to justify skyrocket valuations. The company seems to understand it and it rides the wave by diluting shareholders' equity. I don't like to see such moves from the company, and even if the company may offer some price appreciation, the risk is not worth the bet (unless you like gambling, do you?).</p><p><blockquote>Palantir是一家高增长的公司，在全球商业和政府领域都有业务。它拥有强大的人工智能（认知计算）技术，然而，拥有人工智能似乎已成为证明估值飙升的流行语。该公司似乎明白这一点，并通过稀释股东权益来乘风破浪。我不喜欢看到公司这样的举动，即使公司可能会提供一些价格升值，风险也不值得赌（除非你喜欢赌博，不是吗？）.</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: A Dilution Adjusted Value<blockquote>Palantir：稀释调整值</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: A Dilution Adjusted Value<blockquote>Palantir：稀释调整值</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-11 17:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Palantir is a high-growth company that operates worldwide in both commercial and government segments.</li>  <li>It has a powerful A.I. (Cognitive Computing) technology, however, having an A.I. seems to become a buzzword to justify skyrocket valuations.</li>  <li>I initiate Palantir with a Bearish rating and a fair price of $14.45/share.</li> </ul> <b>Company Overview</b></p><p><blockquote><ul><li>Palantir是一家高增长的公司，在全球商业和政府领域都有业务。</li><li>它拥有强大的人工智能（认知计算）技术，然而，拥有人工智能似乎已成为证明估值飙升的流行语。</li><li>我对 Palantir 给予看跌评级，公允价格为每股 14.45 美元。</li></ul><b>公司概况</b></blockquote></p><p> Founded in 2003, Palantir (PLTR) started building a software platform for the intelligence community and later expanded to the commercial space. To this mean, two principal software platforms have been developed, Palantir Gotham and Palantir Foundry. Both serve as a central operating system and enable customers to integrate their data and operations.</p><p><blockquote>Palantir (PLTR) 成立于 2003 年，开始为情报界构建软件平台，后来扩展到商业领域。为此，已经开发了两个主要的软件平台，Palantir Gotham和Palantir Foundry。两者都充当中央操作系统，使客户能够集成他们的数据和操作。</blockquote></p><p> <ol>  <li>Gotham is a platform constructedprimarily for analysts at defense and intelligence agencies. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. The Gotham platform can also be used by commercial customers (e.g., by the financial services industry in connection with fraud investigations).</li>  <li>Foundry is a platform used by organizations (e.g., Airbus (OTCPK:EADSF)) to manage a big amount of data involved in complex projects. It transforms the ways organizations operate by creating a central operating system for their data. Individual users can integrate and analyze the data they need in one place. The speed with which users can experiment and test new ideas is what makes the software stick.</li>  <li>Apollo is a delivery software that powers Foundry and Gotham platforms and enables them to run in any environment. Apollo aims to provide the latest features in the hands of customers without disrupting operations.</li> </ol> The company operates worldwide and in particular in the U.S., U.K., France, and other parts of the world. Below I display its revenue breakdown by segment and by geography.</p><p><blockquote><ol><li>哥谭是一个主要为国防和情报机构的分析师构建的平台。Gotham使用户能够识别隐藏在数据集深处的模式，从信号情报来源到机密线人的报告。Gotham平台也可供商业客户使用（例如，金融服务行业在欺诈调查中使用）。</li><li>Foundry是组织（例如空中客车公司（OTCPK：EADSF））用来管理复杂项目中涉及的大量数据的平台。它通过为组织的数据创建一个中央操作系统来改变组织的运营方式。个人用户可以在一个地方集成和分析他们需要的数据。用户实验和测试新想法的速度是该软件坚持下去的原因。</li><li>Apollo是一款交付软件，为Foundry和Gotham平台提供支持，并使它们能够在任何环境中运行。Apollo的目标是在不中断运营的情况下，将最新的功能提供到客户手中。</li></ol>该公司在全球开展业务，尤其是在美国、英国、法国和世界其他地区。下面我显示了按细分市场和地理位置划分的收入明细。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9d03eb66b96b4d77da5936226da87d10\" tg-width=\"640\" tg-height=\"238\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Source:<i>Author's Estimates using data from the latest10-K report</i></p><p><blockquote>来源：<i>作者使用最新 10-K 报告数据进行的估计</i></blockquote></p><p> Using the trailing twelve-month numbers, we can see that the government segment accounts for 58% (vs. 42% in 2018A) of Palantir's total revenue, while the commercial segment 48%(vs. 57% in 2018A).</p><p><blockquote>使用过去 12 个月的数据，我们可以看到政府部门占 Palantir 总收入的 58%（2018 年为 42%），而商业部门占 48%（2018 年为 57%）。</blockquote></p><p> <b>Company Analysis</b></p><p><blockquote><b>公司分析</b></blockquote></p><p> I initiate Palantir with a Bearish rating and a fair price of $14.45/share (vs. current price of $24.38/share). As we all know the discounted cash flow model is a valuable tool to assess a company's fair value, however, to be able to implement it we need to make a lot of assumptions. One of those assumptions we have to make is about the company's future growth. But how can we assess the company's future growth? There are different ways in which we accomplish this, but any of this is \"the one.\"</p><p><blockquote>我对 Palantir 给予看跌评级，公允价格为每股 14.45 美元（当前价格为每股 24.38 美元）。众所周知，贴现现金流模型是评估公司公允价值的宝贵工具，然而，为了能够实施它，我们需要做出很多假设。我们必须做出的假设之一是关于公司未来的增长。但我们如何评估公司未来的增长呢？我们有不同的方法来实现这一点，但其中任何一种都是“唯一的”。</blockquote></p><p> Usually, the first step we want to take is to assess whether the company possesses a sustainable economic moat. A sustainable economic moat is what distinguishes a leader from a laggard, and it tells us what kind of margin of safety we should require on the stock. The absence of an economic moat translates into a higher margin of safety. It is not an easy task to assess whether the company has one and different approaches can be used. In this case, I would like to do it by analyzing the company's free cash flow, margins, and return on equity. Below, I display the key indicators we need.</p><p><blockquote>通常，我们要采取的第一步是评估公司是否拥有可持续的经济护城河。可持续的经济护城河是区分领导者和落后者的关键，它告诉我们应该对股票要求什么样的安全边际。没有经济护城河意味着更高的安全边际。评估一家公司是否有一种不同的方法并不是一件容易的事情。在这种情况下，我想通过分析公司的自由现金流、利润率和股本回报率来实现这一点。下面，我展示了我们需要的关键指标。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ab3592c45dd11931534a65c171b42df2\" tg-width=\"640\" tg-height=\"304\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Source:<i>Author's Estimates using data from the latest 10-K report</i></p><p><blockquote>来源：<i>作者使用最新 10-K 报告数据进行的估计</i></blockquote></p><p> From the numbers displayed above, you can immediately point out that something is not going in the right way. The gross margin (or production profitability) is fine and it is equal at 69.9% 2021TTM, however, the operating margin is not fine at all, and it is equal to -101.1% (we can observe the same picture looking at the net margin). In fact, if we look at the operating expenses as a % of revenues, we can find that this number is equal to 171%. Below I display the results.</p><p><blockquote>从上面显示的数字中，你可以立即指出事情没有朝着正确的方向发展。毛利率（或生产盈利能力）很好，等于69.9% 2021TTM，然而，营业利润率一点也不好，等于-101.1%（我们可以从净利润率观察到同样的情况）。事实上，如果我们把运营费用看作收入的百分比，我们可以发现这个数字等于171%。下面我显示结果。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/cb6af16f471180179056796c4f30820d\" tg-width=\"544\" tg-height=\"117\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Source<i>Author's Estimates using data from the latest 10-K report</i></p><p><blockquote>来源<i>作者使用最新 10-K 报告数据进行的估计</i></blockquote></p><p></p><p> Next, as we can expect from these numbers, ROE is a negative number. A negative ROE tells us that the company is destroying value to its shareholders. What about free cash flow margin? We can observe, more or less, the same pattern as with operating margins. Further, by looking at the cash flow statement deeper we can find out a very clear pattern - the company brings in cash by issuing every year more shares. It is usually seen as a red flag when looking at the company cash flow statement we find out that the primary pump for the company's cash flow is not the cash flow from operating activities. Overall, any of these metrics seem to suggest that a company has a sustainable economic moat.</p><p><blockquote>接下来，正如我们从这些数字中可以预期的那样，净资产收益率是一个负数。负净资产收益率告诉我们，该公司正在破坏股东的价值。自由现金流保证金呢？我们可以观察到或多或少与营业利润率相同的模式。此外，通过更深入地研究现金流量表，我们可以发现一个非常明显的模式——公司通过每年发行更多股票来带来现金。当查看公司现金流量表时，我们发现公司现金流的主要来源不是经营活动的现金流，这通常被视为一个危险信号。总体而言，这些指标中的任何一个似乎都表明一家公司拥有可持续的经济护城河。</blockquote></p><p> <b>Discounted Cash Flow Model</b></p><p><blockquote><b>贴现现金流量模型</b></blockquote></p><p> Now, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.</p><p><blockquote>现在，让我们转向贴现现金流估值部分。下面，你可以看到我所做的相对假设的结果。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/dfe7d504567011f28eb91b3e31fe1cd8\" tg-width=\"640\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Source:<i>Author's Estimates using data from the latest 10-K report</i></p><p><blockquote>来源：<i>作者使用最新 10-K 报告数据进行的估计</i></blockquote></p><p> In the discounted cash flow model I used as the base year numbers the trailing twelve months numbers. For the top line (revenues), I assumed a growth rate of 49% for the next year, in line with the current revenue growth pattern and the new unfolding opportunities. For the Y2-Y5, I assumed a CAGR of 30%, this is what I believe is a reasonable growth rate. I allow the company to grow with a sales to capital ratio of 1.02 (90th percentile vs peers) and with a current WACC of 6.9%.</p><p><blockquote>在贴现现金流模型中，我使用过去12个月的数字作为基准年数字。对于营收（收入），我假设明年的增长率为 49%，符合当前的收入增长模式和新的机会。对于Y2-Y5，我假设CAGR为30%，这是我认为合理的增长率。我允许公司以 1.02 的销售资本比率（与同行相比的第 90 个百分位数）和 6.9% 的当前 WACC 增长。</blockquote></p><p> I assumed an operating margin for the next year equal to -67% and a target operating margin of 31.2% (85th percentile vs peers). If you are wondering who are the peers which I used to make my assumption, well, those are companies like Alteryx (AYX), Microsoft (MSFT), Oracle (ORCL), Datadog (DDOG), etc.</p><p><blockquote>我假设明年的营业利润率为-67%，目标营业利润率为31.2%（与同行相比为第85个百分位）。如果您想知道我曾经做出假设的同行是谁，那么，这些公司是 Alteryx (AYX)、微软 (MSFT)、甲骨文 (ORCL)、Datadog (DDOG) 等公司。</blockquote></p><p> A lot of investors seem to believe that there is a hidden value in Palantir and they put unrealistic assumptions to justify their findings. Even if there may be one, the dilution effect is keeping the stock from going higher. Investors don't seem to understand this and the company rides the wave by issuing more shares at an unjustified price.</p><p><blockquote>许多投资者似乎相信 Palantir 具有隐藏的价值，他们做出不切实际的假设来证明他们的发现是合理的。即使可能有，稀释效应也阻止了股票走高。投资者似乎不明白这一点，该公司乘风破浪，以不合理的价格发行更多股票。</blockquote></p><p> The central value ($7.34/share) that you can see in my sensitivity analysis is what I found as a fair value using my DCF model, while the prices in the green area are prices that may be justified (even if it is hard to assume such a high CAGR, perhaps unrealistic). The sensitivity analysis is intentionally skewed to the right since there are more bulls than bears in the room.</p><p><blockquote>你可以在我的敏感性分析中看到的中心价值（7.34美元/股）是我使用DCF模型发现的公允价值，而绿色区域的价格是可能合理的价格（即使很难假设如此高的CAGR，也许是不现实的）。敏感性分析故意向右倾斜，因为房间里的多头多于空头。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/689c747c7d01668b6d6978063ee0ce3f\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Source:<i>Author's Estimates using data from the latest 10-K report</i></p><p><blockquote>来源：<i>作者使用最新 10-K 报告数据进行的估计</i></blockquote></p><p> Using my assumptions, I found that the fair value for the company according to the DCF model is $7.34/share. Now you may say, this is not the same fair value I stated at the beginning. Totally right, you caught me. The fair value that I assign to the company is equal to $14.45/share which is an algorithm-based estimate which accounts for different factors, among others: DCF-based fair value, momentum, etc.</p><p><blockquote>根据我的假设，我发现根据DCF模型，该公司的公允价值为7.34美元/股。现在你可能会说，这不是我一开始陈述的公允价值。完全正确，你抓到我了。我分配给公司的公允价值等于14.45美元/股，这是一个基于算法的估计，考虑了不同的因素，包括：基于DCF的公允价值、动量等。</blockquote></p><p> <b>Final Thoughts</b></p><p><blockquote><b>最后的想法</b></blockquote></p><p> Palantir is a high-growth company that operates worldwide in both commercial and government segments. It has a powerful A.I. (Cognitive Computing) technology, however, having an A.I. seems to become a buzzword to justify skyrocket valuations. The company seems to understand it and it rides the wave by diluting shareholders' equity. I don't like to see such moves from the company, and even if the company may offer some price appreciation, the risk is not worth the bet (unless you like gambling, do you?).</p><p><blockquote>Palantir是一家高增长的公司，在全球商业和政府领域都有业务。它拥有强大的人工智能（认知计算）技术，然而，拥有人工智能似乎已成为证明估值飙升的流行语。该公司似乎明白这一点，并通过稀释股东权益来乘风破浪。我不喜欢看到公司这样的举动，即使公司可能会提供一些价格升值，风险也不值得赌（除非你喜欢赌博，不是吗？）.</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4434192-palantir-a-dilution-adjusted-value\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4434192-palantir-a-dilution-adjusted-value","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113838701","content_text":"Summary\n\nPalantir is a high-growth company that operates worldwide in both commercial and government segments.\nIt has a powerful A.I. (Cognitive Computing) technology, however, having an A.I. seems to become a buzzword to justify skyrocket valuations.\nI initiate Palantir with a Bearish rating and a fair price of $14.45/share.\n\nCompany Overview\nFounded in 2003, Palantir (PLTR) started building a software platform for the intelligence community and later expanded to the commercial space. To this mean, two principal software platforms have been developed, Palantir Gotham and Palantir Foundry. Both serve as a central operating system and enable customers to integrate their data and operations.\n\nGotham is a platform constructedprimarily for analysts at defense and intelligence agencies. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. The Gotham platform can also be used by commercial customers (e.g., by the financial services industry in connection with fraud investigations).\nFoundry is a platform used by organizations (e.g., Airbus (OTCPK:EADSF)) to manage a big amount of data involved in complex projects. It transforms the ways organizations operate by creating a central operating system for their data. Individual users can integrate and analyze the data they need in one place. The speed with which users can experiment and test new ideas is what makes the software stick.\nApollo is a delivery software that powers Foundry and Gotham platforms and enables them to run in any environment. Apollo aims to provide the latest features in the hands of customers without disrupting operations.\n\nThe company operates worldwide and in particular in the U.S., U.K., France, and other parts of the world. Below I display its revenue breakdown by segment and by geography.\n\nSource:Author's Estimates using data from the latest10-K report\nUsing the trailing twelve-month numbers, we can see that the government segment accounts for 58% (vs. 42% in 2018A) of Palantir's total revenue, while the commercial segment 48%(vs. 57% in 2018A).\nCompany Analysis\nI initiate Palantir with a Bearish rating and a fair price of $14.45/share (vs. current price of $24.38/share). As we all know the discounted cash flow model is a valuable tool to assess a company's fair value, however, to be able to implement it we need to make a lot of assumptions. One of those assumptions we have to make is about the company's future growth. But how can we assess the company's future growth? There are different ways in which we accomplish this, but any of this is \"the one.\"\nUsually, the first step we want to take is to assess whether the company possesses a sustainable economic moat. A sustainable economic moat is what distinguishes a leader from a laggard, and it tells us what kind of margin of safety we should require on the stock. The absence of an economic moat translates into a higher margin of safety. It is not an easy task to assess whether the company has one and different approaches can be used. In this case, I would like to do it by analyzing the company's free cash flow, margins, and return on equity. Below, I display the key indicators we need.\n\nSource:Author's Estimates using data from the latest 10-K report\nFrom the numbers displayed above, you can immediately point out that something is not going in the right way. The gross margin (or production profitability) is fine and it is equal at 69.9% 2021TTM, however, the operating margin is not fine at all, and it is equal to -101.1% (we can observe the same picture looking at the net margin). In fact, if we look at the operating expenses as a % of revenues, we can find that this number is equal to 171%. Below I display the results.\n\nSourceAuthor's Estimates using data from the latest 10-K report\nNext, as we can expect from these numbers, ROE is a negative number. A negative ROE tells us that the company is destroying value to its shareholders. What about free cash flow margin? We can observe, more or less, the same pattern as with operating margins. Further, by looking at the cash flow statement deeper we can find out a very clear pattern - the company brings in cash by issuing every year more shares. It is usually seen as a red flag when looking at the company cash flow statement we find out that the primary pump for the company's cash flow is not the cash flow from operating activities. Overall, any of these metrics seem to suggest that a company has a sustainable economic moat.\nDiscounted Cash Flow Model\nNow, let's turn to the discounted cash flow valuation part. Below, you can see the results with the relative assumptions I have made.\n\nSource:Author's Estimates using data from the latest 10-K report\nIn the discounted cash flow model I used as the base year numbers the trailing twelve months numbers. For the top line (revenues), I assumed a growth rate of 49% for the next year, in line with the current revenue growth pattern and the new unfolding opportunities. For the Y2-Y5, I assumed a CAGR of 30%, this is what I believe is a reasonable growth rate. I allow the company to grow with a sales to capital ratio of 1.02 (90th percentile vs peers) and with a current WACC of 6.9%.\nI assumed an operating margin for the next year equal to -67% and a target operating margin of 31.2% (85th percentile vs peers). If you are wondering who are the peers which I used to make my assumption, well, those are companies like Alteryx (AYX), Microsoft (MSFT), Oracle (ORCL), Datadog (DDOG), etc.\nA lot of investors seem to believe that there is a hidden value in Palantir and they put unrealistic assumptions to justify their findings. Even if there may be one, the dilution effect is keeping the stock from going higher. Investors don't seem to understand this and the company rides the wave by issuing more shares at an unjustified price.\nThe central value ($7.34/share) that you can see in my sensitivity analysis is what I found as a fair value using my DCF model, while the prices in the green area are prices that may be justified (even if it is hard to assume such a high CAGR, perhaps unrealistic). The sensitivity analysis is intentionally skewed to the right since there are more bulls than bears in the room.\n\nSource:Author's Estimates using data from the latest 10-K report\nUsing my assumptions, I found that the fair value for the company according to the DCF model is $7.34/share. Now you may say, this is not the same fair value I stated at the beginning. Totally right, you caught me. The fair value that I assign to the company is equal to $14.45/share which is an algorithm-based estimate which accounts for different factors, among others: DCF-based fair value, momentum, etc.\nFinal Thoughts\nPalantir is a high-growth company that operates worldwide in both commercial and government segments. It has a powerful A.I. (Cognitive Computing) technology, however, having an A.I. seems to become a buzzword to justify skyrocket valuations. The company seems to understand it and it rides the wave by diluting shareholders' equity. I don't like to see such moves from the company, and even if the company may offer some price appreciation, the risk is not worth the bet (unless you like gambling, do you?).","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183089860,"gmtCreate":1623293706050,"gmtModify":1631893061102,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment&nbsp;","listText":"Like &amp; comment&nbsp;","text":"Like & comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/183089860","repostId":"1167077162","repostType":4,"isVote":1,"tweetType":1,"viewCount":800,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":138366246,"gmtCreate":1621911039685,"gmtModify":1634185560047,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/138366246","repostId":"2138159407","repostType":4,"isVote":1,"tweetType":1,"viewCount":623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154902381,"gmtCreate":1625465411843,"gmtModify":1631890876126,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Please like my comment. Thanks","listText":"Please like my comment. Thanks","text":"Please like my comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/154902381","repostId":"1109703914","repostType":4,"repost":{"id":"1109703914","kind":"news","pubTimestamp":1625464355,"share":"https://www.laohunote.com/m/news/1109703914?lang=zh_CN&edition=full","pubTime":"2021-07-05 13:52","market":"us","language":"en","title":"Is the Stock Market Open or Closed on Independence Day?<blockquote>独立日股市是开市还是休市？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1109703914","media":"Thestreet","summary":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.So will the major markets open or close for the holiday?The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.It's one of nine full-closing daysfor the stock market this year.For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading i","content":"<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p><p><blockquote>对许多人来说，美国的独立日是野餐和海滩日。但今年的7月4日是星期天，在美国不是交易日。</blockquote></p><p> So will the major markets open or close for the holiday?</p><p><blockquote>那么主要市场在假期会开放还是关闭呢？</blockquote></p><p> The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p><p><blockquote>事实上，纽约证券交易所和纳斯达克将于7月5日星期一休市，以庆祝独立日。</blockquote></p><p> It's&nbsp;one of nine full-closing daysfor the stock market this year.</p><p><blockquote>这是今年股市九个完整收盘日之一。</blockquote></p><p> For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p><p><blockquote>例如，股市将于11月25日星期四感恩节休市。11 月 26 日星期五，交易时间为美国东部时间上午 9:30 至下午 1 点，为期半天多一点。</blockquote></p><p> Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p><p><blockquote>正常股票交易时间为美国东部时间上午 9:30 至下午 4 点。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the Stock Market Open or Closed on Independence Day?<blockquote>独立日股市是开市还是休市？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the Stock Market Open or Closed on Independence Day?<blockquote>独立日股市是开市还是休市？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-07-05 13:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p><p><blockquote>对许多人来说，美国的独立日是野餐和海滩日。但今年的7月4日是星期天，在美国不是交易日。</blockquote></p><p> So will the major markets open or close for the holiday?</p><p><blockquote>那么主要市场在假期会开放还是关闭呢？</blockquote></p><p> The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p><p><blockquote>事实上，纽约证券交易所和纳斯达克将于7月5日星期一休市，以庆祝独立日。</blockquote></p><p> It's&nbsp;one of nine full-closing daysfor the stock market this year.</p><p><blockquote>这是今年股市九个完整收盘日之一。</blockquote></p><p> For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p><p><blockquote>例如，股市将于11月25日星期四感恩节休市。11 月 26 日星期五，交易时间为美国东部时间上午 9:30 至下午 1 点，为期半天多一点。</blockquote></p><p> Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p><p><blockquote>正常股票交易时间为美国东部时间上午 9:30 至下午 4 点。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109703914","content_text":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.\nSo will the major markets open or close for the holiday?\nThe New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.\nIt's one of nine full-closing daysfor the stock market this year.\nFor instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.\nNormal stock-trading hours run 9:30 a.m. to 4 p.m. ET.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804438012,"gmtCreate":1627970514636,"gmtModify":1631890876102,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comments pls","listText":"Like &amp; comments pls","text":"Like & comments pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/804438012","repostId":"1158866167","repostType":4,"repost":{"id":"1158866167","kind":"news","pubTimestamp":1627970248,"share":"https://www.laohunote.com/m/news/1158866167?lang=zh_CN&edition=full","pubTime":"2021-08-03 13:57","market":"other","language":"en","title":"Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite<blockquote>黄金、原油预测：XAU 着眼于 NFP 来衡量缩减时间表的需求</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158866167","media":"DailyFX","summary":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report ","content":"<p><b>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS</b></p><p><blockquote><b>黄金、原油、大宗商品 – 谈话要点</b></blockquote></p><p> <ul>  <li>Gold prices&nbsp;eye Friday’s US non-farm payrolls report for direction</li>  <li>NFP&nbsp;print key to Fed’s economic outlook, Jackson Hole in view</li>  <li>Crude oil prices&nbsp;trade down to support at key moving average</li> </ul> The price of gold is largely unchanged this week despite a lackluster&nbsp;US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.</p><p><blockquote><ul><li>金价关注周五美国非农就业报告的走向</li><li>非农就业数据是美联储经济前景的关键，杰克逊霍尔在眼前</li><li>原油价格下跌至关键移动平均线支撑</li></ul>尽管美元疲软，但本周黄金价格基本保持不变。上周，在美联储主席杰罗姆·鲍威尔缓和了今年晚些时候缩减规模的鹰派预期后，金价上涨。美联储主席特别提到了劳动力市场，这似乎意味着目前通胀数据将被搁置一边。在经历了几个月的短暂叙事之后，这是有道理的。既然市场似乎已经屈服于这一观点，美联储的评论更加关注就业。</blockquote></p><p> That said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.</p><p><blockquote>尽管如此，定于周五公布的本周非农就业报告可能对大宗商品价格尤为重要。根据彭博社的一项调查，分析师预计 7 月份将增加 87.5 万个就业岗位。与 6 月份的 85 万个相比，这将增加 2.5 万个工作岗位。同一项调查显示，失业率从 5.9% 降至 5.7%。</blockquote></p><p> The Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.</p><p><blockquote>美联储的重点是就业，这使得这份非农就业报告对金价尤为重要。如果数据远远超出估计值，这可能会导致相对过大的波动性。除了就业数据，市场还将把目光转向定于 8 月 26 日至 28 日举行的杰克逊霍尔经济研讨会。鲍威尔先生定于发表讲话，许多人预计美联储的缩减规模时间表可能会发出一个潜在信号。有鉴于此，周五数据的失误可能会让人认为美联储将推迟宣布这一时间表。或者，好于预期的数据可能会引发鹰派押注，这对金价来说是个坏兆头。</blockquote></p><p> Elsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.</p><p><blockquote>在其他地方，原油价格本周初下跌。本周初，采购经理人指数（PMI）显示中国制造业活动增长放缓，加剧了需求方面的担忧。与此同时，泰国和马来西亚等其他亚洲经济中心的PMI数据也不佳。</blockquote></p><p> <b>GOLD TECHNICAL FORECAST:</b></p><p><blockquote><b>黄金技术预测：</b></blockquote></p><p> Gold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.</p><p><blockquote>黄金价格接近 200 天简单移动平均线 (SMA) 下方。一个拥堵区域已经影响了支撑位和阻力位的价格，目前似乎正在证明一定程度的支撑。看涨走势需要突破 200 日移动平均线才能走高。不利的一面是，一个主要水平可能是心理上令人印象深刻的1800水平。</blockquote></p><p> <b>GOLD DAILY CHART</b><img src=\"https://static.tigerbbs.com/51c429fe46fb0dad8dad6862370c47a1\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created withTradingView</p><p><blockquote><b>黄金日线图</b>使用TradingView创建的图表</blockquote></p><p> <b>CRUDE OIL TECHNICAL FORECAST</b></p><p><blockquote><b>原油技术预测</b></blockquote></p><p> Crude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.</p><p><blockquote>原油价格回落至 50 天简单移动平均线 (SMA)，该平均线在今年早些时候提供了一定程度的支撑。日线图上可以看到来自 38.2% 斐波那契回撤位的一定程度的汇合支撑。走高将使焦点回到 2018 年 10 月 76.90 点的高点，而该价格在 7 月份未能维持在该高点。</blockquote></p><p> <b>CRUDE OIL DAILY CHART</b><img src=\"https://static.tigerbbs.com/8a4cbf40ccc68545c486afa32063b83a\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created with&nbsp;TradingView</p><p><blockquote><b>原油日线图</b>使用TradingView创建的图表</blockquote></p><p></p>","source":"lsy1568971417606","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite<blockquote>黄金、原油预测：XAU 着眼于 NFP 来衡量缩减时间表的需求</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite<blockquote>黄金、原油预测：XAU 着眼于 NFP 来衡量缩减时间表的需求</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">DailyFX</strong><span class=\"h-time small\">2021-08-03 13:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS</b></p><p><blockquote><b>黄金、原油、大宗商品 – 谈话要点</b></blockquote></p><p> <ul>  <li>Gold prices&nbsp;eye Friday’s US non-farm payrolls report for direction</li>  <li>NFP&nbsp;print key to Fed’s economic outlook, Jackson Hole in view</li>  <li>Crude oil prices&nbsp;trade down to support at key moving average</li> </ul> The price of gold is largely unchanged this week despite a lackluster&nbsp;US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.</p><p><blockquote><ul><li>金价关注周五美国非农就业报告的走向</li><li>非农就业数据是美联储经济前景的关键，杰克逊霍尔在眼前</li><li>原油价格下跌至关键移动平均线支撑</li></ul>尽管美元疲软，但本周黄金价格基本保持不变。上周，在美联储主席杰罗姆·鲍威尔缓和了今年晚些时候缩减规模的鹰派预期后，金价上涨。美联储主席特别提到了劳动力市场，这似乎意味着目前通胀数据将被搁置一边。在经历了几个月的短暂叙事之后，这是有道理的。既然市场似乎已经屈服于这一观点，美联储的评论更加关注就业。</blockquote></p><p> That said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.</p><p><blockquote>尽管如此，定于周五公布的本周非农就业报告可能对大宗商品价格尤为重要。根据彭博社的一项调查，分析师预计 7 月份将增加 87.5 万个就业岗位。与 6 月份的 85 万个相比，这将增加 2.5 万个工作岗位。同一项调查显示，失业率从 5.9% 降至 5.7%。</blockquote></p><p> The Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.</p><p><blockquote>美联储的重点是就业，这使得这份非农就业报告对金价尤为重要。如果数据远远超出估计值，这可能会导致相对过大的波动性。除了就业数据，市场还将把目光转向定于 8 月 26 日至 28 日举行的杰克逊霍尔经济研讨会。鲍威尔先生定于发表讲话，许多人预计美联储的缩减规模时间表可能会发出一个潜在信号。有鉴于此，周五数据的失误可能会让人认为美联储将推迟宣布这一时间表。或者，好于预期的数据可能会引发鹰派押注，这对金价来说是个坏兆头。</blockquote></p><p> Elsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.</p><p><blockquote>在其他地方，原油价格本周初下跌。本周初，采购经理人指数（PMI）显示中国制造业活动增长放缓，加剧了需求方面的担忧。与此同时，泰国和马来西亚等其他亚洲经济中心的PMI数据也不佳。</blockquote></p><p> <b>GOLD TECHNICAL FORECAST:</b></p><p><blockquote><b>黄金技术预测：</b></blockquote></p><p> Gold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.</p><p><blockquote>黄金价格接近 200 天简单移动平均线 (SMA) 下方。一个拥堵区域已经影响了支撑位和阻力位的价格，目前似乎正在证明一定程度的支撑。看涨走势需要突破 200 日移动平均线才能走高。不利的一面是，一个主要水平可能是心理上令人印象深刻的1800水平。</blockquote></p><p> <b>GOLD DAILY CHART</b><img src=\"https://static.tigerbbs.com/51c429fe46fb0dad8dad6862370c47a1\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created withTradingView</p><p><blockquote><b>黄金日线图</b>使用TradingView创建的图表</blockquote></p><p> <b>CRUDE OIL TECHNICAL FORECAST</b></p><p><blockquote><b>原油技术预测</b></blockquote></p><p> Crude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.</p><p><blockquote>原油价格回落至 50 天简单移动平均线 (SMA)，该平均线在今年早些时候提供了一定程度的支撑。日线图上可以看到来自 38.2% 斐波那契回撤位的一定程度的汇合支撑。走高将使焦点回到 2018 年 10 月 76.90 点的高点，而该价格在 7 月份未能维持在该高点。</blockquote></p><p> <b>CRUDE OIL DAILY CHART</b><img src=\"https://static.tigerbbs.com/8a4cbf40ccc68545c486afa32063b83a\" tg-width=\"623\" tg-height=\"464\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Chart created with&nbsp;TradingView</p><p><blockquote><b>原油日线图</b>使用TradingView创建的图表</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html\">DailyFX</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/03/Gold-Crude-Oil-Forecast-XAU-Eyes-NFPs-to-Gauge-Taper-Timeline-Appetite.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158866167","content_text":"GOLD, CRUDE OIL, COMMODITIES – TALKING POINTS\n\nGold prices eye Friday’s US non-farm payrolls report for direction\nNFP print key to Fed’s economic outlook, Jackson Hole in view\nCrude oil prices trade down to support at key moving average\n\nThe price of gold is largely unchanged this week despite a lackluster US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs.\nThat said, this week’s non-farm payrolls report, slated to cross the wires on Friday, may be of particular importance to commodity prices. According to a Bloomberg survey, analysts expect an addition of 875k jobs in July. That would see 25k more jobs added compared to June’s 850k figure. The same survey sees the unemployment rate dropping to 5.7% from 5.9%.\nThe Fed’s focus is on jobs, which makes this NFP report of particular importance to gold prices. That may translate to relatively outsized volatility if the data is well off the mark concerning estimates. Beyond the jobs data, markets will turn their eyes to the Jackson Hole Economic Symposium scheduled for August 26-28. Mr. Powell is slated to speak, where many expect a potential signal on the Fed’s taper timeline. With that in mind, a miss on Friday’s numbers could feed the view that the Fed will hold off on announcing such a timeline. Alternatively, a better-than-expected print could fuel hawkish bets, which would bode poorly for gold prices.\nElsewhere,crude oil pricesfell to start the week. The drop comes amid demand-side worries, which were amplified at the start of the week when a purchasing managers’ index (PMI) showed a growth slowdown in Chinese manufacturing activity. That coincided with poor PMI data from other Asian economic hubs, including Thailand and Malaysia.\nGOLD TECHNICAL FORECAST:\nGold prices are trading closely below the 200-day Simple Moving Average (SMA). An area of congestion, which has affected prices on both the support and resistance side, appears to be proving a degree of support currently. A bullish move would need to clear the 200-day SMA before moving higher. on the downside, a major level could be the psychologically imposing 1800 level.\nGOLD DAILY CHARTChart created withTradingView\nCRUDE OIL TECHNICAL FORECAST\nCrude oil prices pulled back to the 50-day Simple Moving Average (SMA), which has offered a level of support earlier in the year. A degree of confluent support from the 38.2% Fibonacci retracement is seen on the daily chart. A move higher would turn the focus back to the 76.90 October 2018 high that price failed to maintain above in July.\nCRUDE OIL DAILY CHARTChart created with TradingView","news_type":1,"symbols_score_info":{"MCLmain":0.9,"GCmain":0.9,"UKOILmain":0.9}},"isVote":1,"tweetType":1,"viewCount":3547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183089860,"gmtCreate":1623293706050,"gmtModify":1631893061102,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment&nbsp;","listText":"Like &amp; comment&nbsp;","text":"Like & comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/183089860","repostId":"1167077162","repostType":4,"isVote":1,"tweetType":1,"viewCount":800,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110192969,"gmtCreate":1622428859551,"gmtModify":1634101548349,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment please&nbsp;","listText":"Like &amp; comment please&nbsp;","text":"Like & comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/110192969","repostId":"1106804456","repostType":4,"isVote":1,"tweetType":1,"viewCount":786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132816030,"gmtCreate":1622079362720,"gmtModify":1634184047352,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/132816030","repostId":"2138149853","repostType":4,"isVote":1,"tweetType":1,"viewCount":650,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140312376,"gmtCreate":1625629017795,"gmtModify":1631890876118,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Please like my comments pls. Thanks","listText":"Please like my comments pls. Thanks","text":"Please like my comments pls. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/140312376","repostId":"1171645479","repostType":4,"isVote":1,"tweetType":1,"viewCount":3080,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181722545,"gmtCreate":1623412936387,"gmtModify":1631893061094,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like &amp; comment please&nbsp;","listText":"Like &amp; comment please&nbsp;","text":"Like & comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/181722545","repostId":"1147816654","repostType":4,"repost":{"id":"1147816654","kind":"news","pubTimestamp":1623411742,"share":"https://www.laohunote.com/m/news/1147816654?lang=zh_CN&edition=full","pubTime":"2021-06-11 19:42","market":"us","language":"en","title":"Will The WallStreetBets Crowd Come After Silver Again?<blockquote>华尔街投注人群会再次追逐白银吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147816654","media":"The Street","summary":"In the last meme stock run up, the precious metal became a Reddit trader crowd target after GameStop","content":"<p>  <b>In the last meme stock run up, the precious metal became a Reddit trader crowd target after GameStop and AMC.</b>  The Reddit army is back in full force!</p><p><blockquote><b>在上一次 meme 股票上涨中，继游戏驿站和 AMC 之后，贵金属成为 Reddit 交易员的众多目标。</b>Reddit大军全面回归!</blockquote></p><p> Meme stocks, driven by members of the WallStreetBets forum on the site looking to short squeeze big hedge funds, first came to prominence in a major way back at the beginning of 2021. GameStop (GME) was the first stock of choice, which saw its stock price rise from around $18 a share on New Year's Day to nearly $500 at its peak. It was soon joined by names, such as AMC Entertainment (AMC), Bed Bath &amp; Beyond (BBBY), Express (EXPR) and BlackBerry (BB). After a brief hiatus, the group is back with AMC as their stock of choice.</p><p><blockquote>模因股票在网站上希望做空大型对冲基金的 WallStreetBets 论坛成员的推动下，于 2021 年初首次以主要方式脱颖而出。游戏驿站（GME）是首选股票，其股价从元旦的每股18美元左右上涨至峰值时的近500美元。很快，AMC院线 (AMC)、Bed Bath &amp; Beyond (BBBY)、Express (EXPR) 和黑莓 (BB) 等公司也加入了进来。经过短暂的中断后，该集团重新将 AMC 作为其首选股票。</blockquote></p><p> One stock that this group went after wasn't even a stock at all. It was the<b>iShares Silver Trust (SLV)</b>. It started with, not surprisingly, aReddit postwhere one trader argued that precious metals prices have been manipulated by the big banks for years and could be an ideal target for the next big squeeze.</p><p><blockquote>这个小组追逐的一只股票根本不是股票。是<b>iShares 白银信托 (SLV)</b>毫不奇怪，事情始于 Reddit 的一篇帖子，一位交易员在帖子中辩称，贵金属价格多年来一直受到大银行的操纵，可能是下一次大挤压的理想目标。</blockquote></p><p> So they tried it and they were successful.......for a day.</p><p><blockquote>所以他们尝试了，他们成功了……....一天。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1f1d77c395486d36223fb07516c1b28c\" tg-width=\"700\" tg-height=\"308\">Silver prices (and the price of SLV) popped by about 10% on the news that the WallStreetBets crowd was going to go after it, but the rally was short-lived. The share price was back down to where it was before the spike the next day and it still hasn't come near its previous heights again.</p><p><blockquote>华尔街投注人群将追逐白银的消息传出后，白银价格（以及 SLV 的价格）飙升了约 10%，但涨势是短暂的。第二天股价回落至飙升前的水平，但仍未再次接近之前的高点。</blockquote></p><p> It turns out that moving a stock, such as AMC, and moving the price of silver are two entirely different things. While many people picture jewelry and silverware when they think of silver, in reality, the major of its demand comes from heavy industry.</p><p><blockquote>事实证明，移动股票（例如 AMC）和移动白银价格是两件完全不同的事情。虽然许多人一想到白银就会想到珠宝和银器，但实际上，白银的主要需求来自重工业。</blockquote></p><p> It's used in the production of solar panels, electrical components, fuses, automobiles and industrial adhesives. Silverdemandin 2020 for industrial fabrication purposes was more than triple that of the jewelry market, more than double that for silver bars &amp; coins and more than 15 times that of silverware.</p><p><blockquote>它用于生产太阳能电池板、电子元件、保险丝、汽车和工业粘合剂。2020年工业制造用途的白银需求是珠宝市场的三倍多，银条和银币的两倍多，银器的15倍多。</blockquote></p><p> With that much constant global demand for silver, which is only expected to continue growing, it's incredibly difficult to whipsaw its price around to any significant degree (especially up to the $1,000 per ounce price target that Reddit was calling for). I'm honestly a little surprised that it was able to generate a one-day 10% gain just on meme stock speculation alone.</p><p><blockquote>由于全球对白银的需求持续不断，预计只会继续增长，因此很难大幅调整白银价格（尤其是达到 Reddit 呼吁的每盎司 1,000 美元的价格目标）。老实说，我有点惊讶，仅靠模因股票投机就能在一天内获得 10% 的收益。</blockquote></p><p> Stocks, such as AMC and GameStop, are small enough (they may not technically be considered \"small\" any more) that with enough trading volume they can be pushed pretty significantly in a fairly short amount of time. Plus, the stocks that the Reddit traders were targeting already had high short interest, meaning that any large buying activity was probably exacerbated by people short covering in order to stop the bleeding.</p><p><blockquote>AMC 和游戏驿站等股票足够小（从技术上讲，它们可能不再被认为是“小”），只要有足够的交易量，它们就可以在相当短的时间内大幅上涨。此外，Reddit交易员瞄准的股票已经有很高的空头兴趣，这意味着任何大规模的购买活动都可能因人们为了止血而做空回补而加剧。</blockquote></p><p> That's going to be difficult to pull off for silver. My guess is that the WallStreetBets group never takes a swing at silver again. It seems content to find new targets, such as Clover (CLOV), to try to push to the moon.</p><p><blockquote>对于西尔弗来说，这将很难实现。我的猜测是，WallStreetBets 集团再也不会对白银进行波动了。它似乎满足于寻找新的目标，如三叶草（CLOV），试图推向月球。</blockquote></p><p></p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will The WallStreetBets Crowd Come After Silver Again?<blockquote>华尔街投注人群会再次追逐白银吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill The WallStreetBets Crowd Come After Silver Again?<blockquote>华尔街投注人群会再次追逐白银吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-06-11 19:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>In the last meme stock run up, the precious metal became a Reddit trader crowd target after GameStop and AMC.</b>  The Reddit army is back in full force!</p><p><blockquote><b>在上一次 meme 股票上涨中，继游戏驿站和 AMC 之后，贵金属成为 Reddit 交易员的众多目标。</b>Reddit大军全面回归!</blockquote></p><p> Meme stocks, driven by members of the WallStreetBets forum on the site looking to short squeeze big hedge funds, first came to prominence in a major way back at the beginning of 2021. GameStop (GME) was the first stock of choice, which saw its stock price rise from around $18 a share on New Year's Day to nearly $500 at its peak. It was soon joined by names, such as AMC Entertainment (AMC), Bed Bath &amp; Beyond (BBBY), Express (EXPR) and BlackBerry (BB). After a brief hiatus, the group is back with AMC as their stock of choice.</p><p><blockquote>模因股票在网站上希望做空大型对冲基金的 WallStreetBets 论坛成员的推动下，于 2021 年初首次以主要方式脱颖而出。游戏驿站（GME）是首选股票，其股价从元旦的每股18美元左右上涨至峰值时的近500美元。很快，AMC院线 (AMC)、Bed Bath &amp; Beyond (BBBY)、Express (EXPR) 和黑莓 (BB) 等公司也加入了进来。经过短暂的中断后，该集团重新将 AMC 作为其首选股票。</blockquote></p><p> One stock that this group went after wasn't even a stock at all. It was the<b>iShares Silver Trust (SLV)</b>. It started with, not surprisingly, aReddit postwhere one trader argued that precious metals prices have been manipulated by the big banks for years and could be an ideal target for the next big squeeze.</p><p><blockquote>这个小组追逐的一只股票根本不是股票。是<b>iShares 白银信托 (SLV)</b>毫不奇怪，事情始于 Reddit 的一篇帖子，一位交易员在帖子中辩称，贵金属价格多年来一直受到大银行的操纵，可能是下一次大挤压的理想目标。</blockquote></p><p> So they tried it and they were successful.......for a day.</p><p><blockquote>所以他们尝试了，他们成功了……....一天。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1f1d77c395486d36223fb07516c1b28c\" tg-width=\"700\" tg-height=\"308\">Silver prices (and the price of SLV) popped by about 10% on the news that the WallStreetBets crowd was going to go after it, but the rally was short-lived. The share price was back down to where it was before the spike the next day and it still hasn't come near its previous heights again.</p><p><blockquote>华尔街投注人群将追逐白银的消息传出后，白银价格（以及 SLV 的价格）飙升了约 10%，但涨势是短暂的。第二天股价回落至飙升前的水平，但仍未再次接近之前的高点。</blockquote></p><p> It turns out that moving a stock, such as AMC, and moving the price of silver are two entirely different things. While many people picture jewelry and silverware when they think of silver, in reality, the major of its demand comes from heavy industry.</p><p><blockquote>事实证明，移动股票（例如 AMC）和移动白银价格是两件完全不同的事情。虽然许多人一想到白银就会想到珠宝和银器，但实际上，白银的主要需求来自重工业。</blockquote></p><p> It's used in the production of solar panels, electrical components, fuses, automobiles and industrial adhesives. Silverdemandin 2020 for industrial fabrication purposes was more than triple that of the jewelry market, more than double that for silver bars &amp; coins and more than 15 times that of silverware.</p><p><blockquote>它用于生产太阳能电池板、电子元件、保险丝、汽车和工业粘合剂。2020年工业制造用途的白银需求是珠宝市场的三倍多，银条和银币的两倍多，银器的15倍多。</blockquote></p><p> With that much constant global demand for silver, which is only expected to continue growing, it's incredibly difficult to whipsaw its price around to any significant degree (especially up to the $1,000 per ounce price target that Reddit was calling for). I'm honestly a little surprised that it was able to generate a one-day 10% gain just on meme stock speculation alone.</p><p><blockquote>由于全球对白银的需求持续不断，预计只会继续增长，因此很难大幅调整白银价格（尤其是达到 Reddit 呼吁的每盎司 1,000 美元的价格目标）。老实说，我有点惊讶，仅靠模因股票投机就能在一天内获得 10% 的收益。</blockquote></p><p> Stocks, such as AMC and GameStop, are small enough (they may not technically be considered \"small\" any more) that with enough trading volume they can be pushed pretty significantly in a fairly short amount of time. Plus, the stocks that the Reddit traders were targeting already had high short interest, meaning that any large buying activity was probably exacerbated by people short covering in order to stop the bleeding.</p><p><blockquote>AMC 和游戏驿站等股票足够小（从技术上讲，它们可能不再被认为是“小”），只要有足够的交易量，它们就可以在相当短的时间内大幅上涨。此外，Reddit交易员瞄准的股票已经有很高的空头兴趣，这意味着任何大规模的购买活动都可能因人们为了止血而做空回补而加剧。</blockquote></p><p> That's going to be difficult to pull off for silver. My guess is that the WallStreetBets group never takes a swing at silver again. It seems content to find new targets, such as Clover (CLOV), to try to push to the moon.</p><p><blockquote>对于西尔弗来说，这将很难实现。我的猜测是，WallStreetBets 集团再也不会对白银进行波动了。它似乎满足于寻找新的目标，如三叶草（CLOV），试图推向月球。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/etffocus/trade-ideas/will-wallstreetbets-crowd-come-after-silver\">The Street</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/etffocus/trade-ideas/will-wallstreetbets-crowd-come-after-silver","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147816654","content_text":"In the last meme stock run up, the precious metal became a Reddit trader crowd target after GameStop and AMC.\n\nThe Reddit army is back in full force!\nMeme stocks, driven by members of the WallStreetBets forum on the site looking to short squeeze big hedge funds, first came to prominence in a major way back at the beginning of 2021. GameStop (GME) was the first stock of choice, which saw its stock price rise from around $18 a share on New Year's Day to nearly $500 at its peak. It was soon joined by names, such as AMC Entertainment (AMC), Bed Bath & Beyond (BBBY), Express (EXPR) and BlackBerry (BB). After a brief hiatus, the group is back with AMC as their stock of choice.\nOne stock that this group went after wasn't even a stock at all. It was theiShares Silver Trust (SLV). It started with, not surprisingly, aReddit postwhere one trader argued that precious metals prices have been manipulated by the big banks for years and could be an ideal target for the next big squeeze.\nSo they tried it and they were successful.......for a day.\nSilver prices (and the price of SLV) popped by about 10% on the news that the WallStreetBets crowd was going to go after it, but the rally was short-lived. The share price was back down to where it was before the spike the next day and it still hasn't come near its previous heights again.\nIt turns out that moving a stock, such as AMC, and moving the price of silver are two entirely different things. While many people picture jewelry and silverware when they think of silver, in reality, the major of its demand comes from heavy industry.\nIt's used in the production of solar panels, electrical components, fuses, automobiles and industrial adhesives. Silverdemandin 2020 for industrial fabrication purposes was more than triple that of the jewelry market, more than double that for silver bars & coins and more than 15 times that of silverware.\nWith that much constant global demand for silver, which is only expected to continue growing, it's incredibly difficult to whipsaw its price around to any significant degree (especially up to the $1,000 per ounce price target that Reddit was calling for). I'm honestly a little surprised that it was able to generate a one-day 10% gain just on meme stock speculation alone.\nStocks, such as AMC and GameStop, are small enough (they may not technically be considered \"small\" any more) that with enough trading volume they can be pushed pretty significantly in a fairly short amount of time. Plus, the stocks that the Reddit traders were targeting already had high short interest, meaning that any large buying activity was probably exacerbated by people short covering in order to stop the bleeding.\nThat's going to be difficult to pull off for silver. My guess is that the WallStreetBets group never takes a swing at silver again. It seems content to find new targets, such as Clover (CLOV), to try to push to the moon.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1005,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112993917,"gmtCreate":1622839286339,"gmtModify":1634097560543,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like my comment&nbsp;","listText":"Like my comment&nbsp;","text":"Like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/112993917","repostId":"1123977724","repostType":4,"isVote":1,"tweetType":1,"viewCount":711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108142383,"gmtCreate":1620007250542,"gmtModify":1634208586036,"author":{"id":"3565330740240476","authorId":"3565330740240476","name":"MaxNZH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565330740240476","authorIdStr":"3565330740240476"},"themes":[],"title":"","htmlText":"Like and comment please&nbsp;","listText":"Like and comment please&nbsp;","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/108142383","repostId":"1135819410","repostType":4,"repost":{"id":"1135819410","kind":"news","pubTimestamp":1619999342,"share":"https://www.laohunote.com/m/news/1135819410?lang=zh_CN&edition=full","pubTime":"2021-05-03 07:49","market":"us","language":"en","title":"Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、维亚康姆哥伦比亚广播公司、通用汽车等投资者本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135819410","media":"Barrons","summary":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their fi","content":"<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周，标普500有 130 家公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一，周二的情况有所好转： 动视暴雪、CVS Health、杜邦、辉瑞和 T-Mobile US 均有报道。</blockquote></p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><blockquote>周三，巴里克黄金公司、Booking Holdings、通用汽车、PayPal控股公司和优步科技公司发布财报。百威英博、Moderna、再生元制药、Square和维亚康姆哥伦比亚广播公司将于周四上市。最后，信诺将于周五结束本周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上，主要事件将是周五的就业。美国劳工统计局（Bureau of Labor Statistics）预测，4月份非农就业人数将增加97.5万人，失业率为5.8%，低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括周一公布的美国供应管理协会 (Institute for Supply Management) 4 月份制造业采购经理人指数和周三公布的服务业指数。</blockquote></p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><blockquote>默克和公共存储举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。普遍估计，经季节性调整后的年增长率为 1.53 万亿美元，建筑支出环比增长 0.6%。</blockquote></p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布4月份制造业采购经理人指数。经济学家预测读数为65，与3月份的数字大致持平。3月份的读数是该指数自1983年12月以来的最高水平。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二 5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、思科和 T-Mobile US 报告季度业绩。</blockquote></p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展举措。</blockquote></p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋举办 2021 年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三 5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、博格华纳、艾默生电气、通用汽车、希尔顿全球控股公司、诺和诺德、PayPal Holdings 和 Uber Technologies 发布财报。</blockquote></p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>其4月份的全国就业报告。继 3 月份增加 517,000 个就业岗位后，预计私营部门就业岗位将增加 762,500 个。</blockquote></p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>其4月份服务业采购经理人指数。普遍看涨期权为 64.6，比 3 月份的数据高出一个档次。三月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四 5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS 和 Zoetis 在评级举行会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至 5 月 1 日当周的首次申请失业救济人数。4月份首次申请失业救济人数平均每周为611,750人，处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节性调整后的生产率年增长率为 2.2%，而 2020 年第四季度为下降 4.2%。单位劳动力成本在此前上涨 6% 后下降 0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>5/7星期五</b></blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布了4月份的就业报告。经济学家预测非农就业人数将增加97.5万人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、维亚康姆哥伦比亚广播公司、通用汽车等投资者本周值得关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、维亚康姆哥伦比亚广播公司、通用汽车等投资者本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-03 07:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周，标普500有 130 家公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一，周二的情况有所好转： 动视暴雪、CVS Health、杜邦、辉瑞和 T-Mobile US 均有报道。</blockquote></p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><blockquote>周三，巴里克黄金公司、Booking Holdings、通用汽车、PayPal控股公司和优步科技公司发布财报。百威英博、Moderna、再生元制药、Square和维亚康姆哥伦比亚广播公司将于周四上市。最后，信诺将于周五结束本周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上，主要事件将是周五的就业。美国劳工统计局（Bureau of Labor Statistics）预测，4月份非农就业人数将增加97.5万人，失业率为5.8%，低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括周一公布的美国供应管理协会 (Institute for Supply Management) 4 月份制造业采购经理人指数和周三公布的服务业指数。</blockquote></p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><blockquote>默克和公共存储举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。普遍估计，经季节性调整后的年增长率为 1.53 万亿美元，建筑支出环比增长 0.6%。</blockquote></p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布4月份制造业采购经理人指数。经济学家预测读数为65，与3月份的数字大致持平。3月份的读数是该指数自1983年12月以来的最高水平。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二 5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、思科和 T-Mobile US 报告季度业绩。</blockquote></p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展举措。</blockquote></p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋举办 2021 年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三 5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、博格华纳、艾默生电气、通用汽车、希尔顿全球控股公司、诺和诺德、PayPal Holdings 和 Uber Technologies 发布财报。</blockquote></p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>其4月份的全国就业报告。继 3 月份增加 517,000 个就业岗位后，预计私营部门就业岗位将增加 762,500 个。</blockquote></p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>其4月份服务业采购经理人指数。普遍看涨期权为 64.6，比 3 月份的数据高出一个档次。三月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四 5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS 和 Zoetis 在评级举行会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至 5 月 1 日当周的首次申请失业救济人数。4月份首次申请失业救济人数平均每周为611,750人，处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节性调整后的生产率年增长率为 2.2%，而 2020 年第四季度为下降 4.2%。单位劳动力成本在此前上涨 6% 后下降 0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>5/7星期五</b></blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布了4月份的就业报告。经济学家预测非农就业人数将增加97.5万人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TMUS":"T-Mobile US Inc","GM":"通用汽车","PFE":"辉瑞",".IXIC":"NASDAQ Composite","PYPL":"PayPal","UBER":"优步",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135819410","content_text":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its Services equivalent on Wednesday.Enterprise Products Partners and Estée Lauder release earnings.Merck and Public Storage hold virtual investor days.The Census Bureau reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.The Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.Tuesday 5/4Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.Eli Lilly holds a conference call to discuss its sustainability initiatives.Union Pacific holds its 2021 virtual investor day.Wednesday 5/5Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.ADP releases its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.ISM releases its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.Thursday 5/6Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.The Department of Labor reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.The Bureau of Labor Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.Friday 5/7The Bureau of Labor Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.Cigna and Liberty Media report earnings.","news_type":1,"symbols_score_info":{"TMUS":0.9,"PFE":0.9,"VIACP":0.9,"UBER":0.9,".DJI":0.9,"GM":0.9,".IXIC":0.9,"PYPL":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}